Question: Barr Lawn Supply, which uses the FIFO method, began March with 200 units of inventory that cost $40 each. During March, Barr completed these inventory

Barr Lawn Supply, which uses the FIFO method, began March with 200 units of inventory that cost $40 each. During March, Barr completed these inventory transactions:

Required
1. Prepare a perpetual inventory record for the lawn supply merchandise.
2. Determine Barr's cost of goods sold for March.
3. Compute gross margin for March.

Units 48 160 96 124 Unit Cost Unit Sale Price Mar. 2 8 17 Purchase Sale Purchase Sale $50 $144 60 150

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