Additional Exercise 193 Lester Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March. Lester Company uses the periodic inventory system Purchases Sales Selling Price/Unit Unit Cost $40 $50 Units Units 3/1 Beginning inventory 100 3/3 Purchase 3/4 Sales 3/10 Purchase 3/16 Sales 3/19 Sales 3/25 Sales 3/30 Purchase 60 70 $80 200 $55 80 60 40 $90 $90 $90 40 $60 Your answer is correct. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold 11950