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Tofino Outfitters Limited has the following inventory, purchases, and sales data for the month of March . 3 1 / Mar / 2 3 Physical

Tofino Outfitters Limited has the following inventory, purchases, and sales data for the month of March.31/Mar/23 Physical inventory count shows 50 units on hand
Date Description Units Unitprice VaL
1march Beg invent 2004.0800
Purchases during month
10march Purchase 5004.502250
20march Purchase 4004.751900
30march Purchase 3005.01500
Sales during month:
15march Sales 500
25march Sales 400
ques 1
Calculate the Cost of Goods Available for Sale: ( show your work)
ques 2
Assume the company uses a periodic inventory system FIFO cost flow assumption.
Determine the cost of inventory on hand at March 31 and the cost of goods sold ( show your work).
Cost of Inventory, March 31?
Cost of goods sold for March ?
Ques3
Assume the company uses a PERIODIC inventory system weighted average cost flow assumption. Determine the cost of inventory at hand at 31 March and the cost of Goods sold for march. Show your work. Round to 2 decimals.
Cost of inventory, March 31?
Cost of Goods sold for March ?

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