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The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit Amount $115.900 Mar. 1 $19.00 6,100 3.900 7
The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit Amount $115.900 Mar. 1 $19.00 6,100 3.900 7 12 Beginning inventory Sale Purchase Purchase Sale 2,300 $21.00 $48,300 $16,800 16 800 $21.00 18 27 2,600 4,400 3.300 $26.00 Purchase Sale $114,400 29 All of the units sold were priced at $61.00 per unit. X Your answer is incorrect. Good Kitchen Ltd. uses the perpetual inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using FIFO. Cost of Goods Sold $ Gross margin $ Ending Inventory $ e Textbook and Media X Your answer is incorrect. Good Kitchen Ltd. uses the perpetual inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of Goods Sold tA Gross margin $ Ending Inventory ta e Textbook and Media
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