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The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit Amount Mar. 1 Beginning inventory 5,500 $16.00 $

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The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit Amount Mar. 1 Beginning inventory 5,500 $16.00 $ 88,000 7 Sale 4.300 12 Purchase 2,300 $ 18.00 $ 41,400 16 Purchase 800 $ 18.00 $ 14,400 18 Sale 1,700 27 Purchase 3,900 $23.00 $ 89,700 29 Sale 3,300 All of the units sold were priced at $ 61.00 per unit. All of the units sold were priced at $ 61.00 per unit. Your answer is partially correct. 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. $ 233500 Cost of Goods Sold Gross margin $ 412600 Ending Inventory $ 73600 e Textbook and Media Your answer is correct. 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 decimal places, s. 61,052)

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