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Ayayal Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Glemo for

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Ayayal Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Glemo for the month of March Ayayal Company uses the periodic Inventory system Purchases Sales Unit Units Units Selling Price/Unit 3/1 Beginning inventory Purchase 314 Sales $70 3/10 Purchase $45 3/16 Sales Sales 3/19 3/25 Sales 3/30 Purchase 32 $50 Using FIFO assumption, calculate the amount changed to cost of goods sold for March Cost of goods sold 5 Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31. (Round intermediate calculation and final answer to decimal places, s. 12) Ending Inventory S Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Inventory $

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