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ABC Corporation uses the perpetual inventory system and had the following inventory transactions during the month of March: March 1 : Beginning inventory of 5

ABC Corporation uses the perpetual inventory system and had the following inventory transactions during the month of March:
March 1: Beginning inventory of 500 units at $15 each.
March 5: Purchased 200 units at $16 each.
March 10: Sold 400 units at $25 each.
March 15: Purchased 300 units at $17 each.
March 20: Sold 350 units at $25 each.
March 25: Purchased 100 units at $18 each.
March 30: Sold 150 units at $25 each.
ABC Corporation uses the First-In, First-Out (FIFO) method. Calculate the following:
The cost of goods sold (COGS) for March.
The ending inventory as of March 31.

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