Question: this is all part of one question so please answer all! thank you! Exercise 218 Blue Spruce Company sells many products. Girme is one of

 this is all part of one question so please answer all!
thank you! Exercise 218 Blue Spruce Company sells many products. Girme is
one of its popular items. Below is an analysis of the inventory
this is all part of one question so please answer all! thank you!

Exercise 218 Blue Spruce Company sells many products. Girme is one of its popular items. Below is an analysis of the inventory purchases and sales of Gume for the month of March, Blue Spruce Company uses the perpetual inventory system, Purchases Sales Unit Units Units Selling Cost Price/Unit 3/1 Beginning inventory 280 $55 3/3 Purchase 168 $60 3/4 Sales 168 $120 3/10 Purchase 560 165 316 Sales 252 $130 319 Sales 196 $130 325 Sales 140 5130 30 Purchase 112 $75 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March Cost of goods sold $ Using the FIFO sumption, calculate the value of ending inventory for March Erding Inventory LINK TO TEXT Using the moving average cost method, calculate the amount signed to the inventory on and on March 31. (Round average cost per unit to 3 decimal places, ... 5.254 and final answer to 2 decimal places,... 2,520.56.) Amount assigned to the inventory LINK TO TEXT Using the LIFO motion, calculate the amount assigned to the inventory on hand on March 31 Amount assigned to the inventory LINE TO TEXT Using the LIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!