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You have the following information for Tamarisk Gems. Tamarisk uses the periodic method of accounting for its inventory transactions. Tamarisk only carries one brand and

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You have the following information for Tamarisk Gems. Tamarisk uses the periodic method of accounting for its inventory transactions. Tamarisk only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost.
March 1 Beginning inventory 147 diamonds at a cost of $302 per diamond.
3 Purchased 196 diamonds at a cost of $343 each.
5 Sold 180 diamonds for $588 each.
10 Purchased 327 diamonds at a cost of $372 each.
25 Sold 384 diamonds for $637 each.
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