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  3. the madoff company sells of the inventory purchase

The Madoff Company sells of the inventory purchases and sales of Wolf for the month...

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Accounting

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The Madoff Company sells of the inventory purchases and sales of Wolf for the month of March. Madoff Company the periodic inventory system many products. Wolf is one of its popalar items. Below is an analysis uses 3/1 Beginning inventory S0.80 1,500 6,000$0.84 3/4 Sales 3/16 Purchase 3/25 Purchase 3/30 Sales 3.000 S0.88 4.500$0.96 4,000 Instructions assumption, calculate the ending inventory and cost of goods sold for March (Show and label computations.) Ending inventory cost of goods sold (b) Using the Average Cost assumption, calculate the ending inventory and cost of goods sold for (Show and label computations. Perform all calculations to two decimal places.) Ending inventory_ cost of goods sold (c) Using the FIFO assumption, calculate the ending inventory and cost of goods sold for (Show and label computations.) Ending inventory cost of goods sold

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