Current Attempt in Progress Maria Supply Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Maria uses the perpetual inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 84 $40 3/3 Purchase 50 $50 3/4 Sales 50 50 $80 3/10 Purchase 203 $55 3/16 Sales 89 68 $90 3/19 Sales 67 $90 3/25 Sales 57 $90 3/30 Purchase 37 $60 (a) Your answer is correct. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ 12,955 (b) Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending inventory $ Save for Later Attempts: 1 of 2 used Attempts: 0 of 2 used Submit