Units		Price per Unit					Total
Residential Pumps
	Inventory at Feb. 28:		400			$	300			$	120,000
Purchases:
	March 10		1,000			$	450			$	450,000
	March 20		800			$	475			$	380,000
	March 30		600			$	500			$	300,000
Sales:
	March 15		1,000			$	540			$	540,000
	March 25		800			$	570			$	456,000
	Inventory at March 31:		1,000
Commercial Pumps
	Inventory at Feb. 28:		1,200			$	800			$	960,000
Purchases:
	March 3		1,200			$	900			$	1,080,000
	March 12		600			$	950			$	570,000
	March 21		1,000			$	1,000			$	1,000,000
Sales:
	March 18		1,800			$	1,080			$	1,944,000
	March 29		1,200			$	1,140			$	1,368,000
	Inventory at March 31:		1,000

Assuming Bramble uses a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under first-in, first-out (FIFO).

Cost of inventory		$
Cost of goods sold		$

eTextbook and Media

Assume Bramble uses dollar-value LIFO and one pool, consisting of the combination of residential and commercial pumps. Determine the cost of inventory on hand at March 31 and the cost of goods sold for March. Assume Brambles initial adoption of LIFO is on March 1. Use the double-extension method to determine the appropriate price indices. (Hint: The price index for February 28/March 1 should be 1.00.) (Round Price Index to 3 decimal places e.g. 1.522 and other answers to 0 decimal places, e.g. 5,275.)

Cost of inventory		$
Cost of goods sold		$
Price index