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Maria Company sells many products. Gizmo is one of its popular items. Below is an...

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Accounting

Maria 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. Maria Company uses the perpetual inventory system.

Purchases Sales
Units Unit Cost Units Selling Price/Unit

3/1

Beginning inventory

 105 $42

3/3

Purchase

 55 $48

3/4

Sales

 60 $75

3/10

Purchase

 195 $50

3/16

Sales

 90 $90

3/19

Sales

 75 $90

3/25

Sales

 65 $85

3/30

Purchase

 35 $60

Using the FIFO assumption, calculate the amount charged to cost of goods sold for March.

Cost of goods sold $enter Cost of goods sold in dollars

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