Your answer is correct Lester Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March Lester Company uses the periodic inventory system, Using the FIFO assumption calculate the amount charged to cost of goods sold for March Sales Selling Price/Unit Cost of goods sold $ Purchases Unit Units Cost 100 $40 60 $s Units 11950 e Textbook and Media 70 $80 Attempts: 1 of 3 used 200 $55 3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase Using multiple attempts will impact your score 15% score reduction after attempt 2 80 60 40 $90 $90 $90 40 $65 [b] Your Answer Correct Answer (Used) al X Your answer is incorrect. Your answer is correct. Using the weighted average method calculate the amount assigned to the inventory on hand on March 31. Using the FIFO assumption calculate the amount charged to cost of goods sold for March Ending Inventory s 6500 Cost of goods sold $ e Textbook and Media eTextbook and Media Solution Attempts: 1 of 3 used Using multiple attempts will impact your score 15% score reduction after attempt 2 Attempts: 3 of 3 used Using multiple attempts has impacted your score 15% score reduction after attempt 2 (b) c) Your Answer Correct Answer Used Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. x Your answer is incorrect. Ending Inventory $ Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31 Yadda