(35 points) Inventory valuation - cost basis On March 1st, 2021, Compact Company had 50 units of inventory at a cost of $3 each. The following information on inventory purchases during March is also available. Date Mar. 10 Description Purchase Purchase Purchase Units Unit cost Total cost 60 3.5 $210 40 4 $160 30 4.5 $135 17 28 During the same month 120 units of the same inventory were sold. Required: Assuming the company uses the FiFo cost flow assumption and a periodic inventory system determine the following: (35 points) Answer: Type value here Beginning Inventory $ $ Purchases A Cost of Goods Available for Sale $ Ending Inventory $ COGS $ Show your calculations in the space below