$1\mathrm{.}4$

REQUIRED

Use the information provided below to calculate the following:

$1\mathrm{.}4\mathrm{.}1$ Closing inventory as at $31$ March $2024$

$(2$ marks$)$

$1\mathrm{.}4\mathrm{.}2$ Cost of goods available for sale during March $2024$

$(2$ marks$)$

$1\mathrm{.}4\mathrm{.}3$ Gross profit for March $2024$

$(2$ marks$)$

INFORMATION

You are provided with the inventory record of Trendy Traders, which sells smartwatches, for the month ended $31$ March $2024.$ The business uses the specific identification method to value inventories.

Inventory record of smartwatches for the month ended $31$ March $2024$

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