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Craig Ltd. began the month of March with 592 units in inventory with a total...

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Accounting

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Craig Ltd. began the month of March with 592 units in inventory with a total cost of $1,480. The company uses a perpetual inventory system and had the following transactions during the month of March: Unit Cost Total Cost $2.80/unit $4,144 $3.20/unit $3,312 Mar. 7 Purchased 1,480 units Mar. 12 Purchased 1,035 units Mar. 15 Sold 814 units at $6.50/unit Mar. 21 Purchased 592 units Mar. 26 Sold 888 units at $6.50/unit $3.50/unit $2,072 Determine Craig's cost of goods available for sale for March. Cost of goods available for sale $ 11008 Determine the cost of goods sold for the month of March and the value of inventory at the end of the month assuming Craig Ltd. uses the weighted-average cost flow assumption. (Round calculations for cost per unit to 2 decimal places, e.g. 10.51 and final answers to 0 decimal places, e.g. 61,053.) Cost of goods sold $ Value of ending inventory $ Determine the cost of goods sold for the month of March and the value of inventory at the end of the month assuming that Craig Ltd. uses the first-in, first-out cost flow assumption. (Round answers to O decimal places, e.g. 125.) Cost of goods sold $ Value of ending inventory $

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