Question: Please show your work and steps as to how you got the answers. Thank you. Ex. 217 Grayson Company sells many products. Gizmo is one

 Please show your work and steps as to how you got

Please show your work and steps as to how you got the answers. Thank you.

Ex. 217 Grayson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Grayson Company uses the perpetual inventory system as ales Unit Cost Units 100 60 nit $55 $60 3/1 Beginning inventory 3/3 Purchase 3/4 Sales 3/10 Purchase 3/16 Sales 3/19Sales 3/25 Sales 3/30 Purchase 60 $120 200 $85 90 70 50 $130 $130 $130 $75 Instructions (a) Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. (Show computations) (b) Using the FIFO assumption, calculate the value of ending inventory for March. (c) Using the moving average cost method, calculate the amount assigned to the inventory on hand on March 31. (Show computations) (d) Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. (Show computatlons) Using the LIFO assumption, calculate the amount charged to cost of goods sold for March. (Show computations) (e)

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