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Craig Ltd. began the month of March with 688 units in inventory with a total cost of $ 1,720. The company uses a perpetual inventory system and had the following transactions during the month of March:

				Unit Cost		Total Cost
Mar. 7		Purchased 1,720 units		$ 3.15/unit		$ 5,418
Mar. 12		Purchased 1,200 units		$ 3.30/unit		$ 3,960
Mar. 15		Sold 940 units at $ 7.10/unit
Mar. 21		Purchased 688 units		$ 3.50/unit		$ 2,408
Mar. 26		Sold 1,032 units at $ 7.10/unit

Determine Craigs cost of goods available for sale for March.

Cost of goods available for sale

$

eTextbook and Media

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		$

eTextbook and Media

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 0 decimal places, e.g. 125.)

Cost of goods sold		$
Value of ending inventory		$

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