Oslo Ltd wholesales bicycles. It uses the perpetual inventory method and allocates cost to inventory on a
moving average basis. The company 's reporting period ends on 30 March. At I march 2014, Inventory on
hand consisted of 350 bicycles at $ 82 each and 43 bicycles at $ 85 each. During the month ended 31 March
2014,the following inventory transactions took place (all purchase and sales transactions are on credit) :