Accounting, Analysis, and Principles Pina Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the month of March. Units Price per Unit Total 180 $ 400 $ 72,000 500 400 290 $ 450 $ 500 $ 510 $225,000 $200,000 $147,900 520 400 450 $ 550 $ 560 $286,000 $224,000 Residential Pumps Inventory at Feb. 28: Purchases: March 10 March 20 March 30 Sales: March 15 March 25 Inventory at March 31: Commercial Pumps Inventory at Feb. 28: Purchases: March 3 March 12 March 21 Sales: March 18 March 29 Inventory at March 31: 600 $ 810 $486,000 600 310 $ 920 $ 930 $1,000 $552,000 $288,300 $520,000 520 880 $1,070 $1,150 $941,600 $724,500 630 520 Assuming Pina uses a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under first-in, first-out (FIFO). Cost of inventory A Cost of goods sold $ Assume Pina uses dollar-value LIFO and one pool, consisting of the combination of residential and commercial pumps. Determine the cost of inventory on hand at March 31 and the cost of goods sold for March. Assume Pina's initial adoption of LIFO is on March 1. Use the double- extension method to determine the appropriate price indices. (Hint: The price index for February 28/March 1 should be 1.00.) (Round Price Index to 3 decimal places e.g. 1.522 and other answers to O decimal places, e.g. 5,275.) Cost of inventory Cost of goods sold Price index