Englehart 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
Residential Pumps
	Inventory at Feb. 28:		200			$	400			$	80,000
Purchases:
	March 10		500			$	450			$	225,000
	March 20		400			$	475			$	190,000
	March 30		300			$	500			$	150,000
Sales:
	March 15		500			$	540			$	270,000
	March 25		400			$	570			$	228,000
	Inventory at March 31:		500
Commercial Pumps
	Inventory at Feb. 28:		600			$	800			$	480,000
Purchases:
	March 3		600			$	900			$	540,000
	March 12		300			$	950			$	285,000
	March 21		500			$	1,000			$	500,000
Sales:
	March 18		900			$	1,080			$	972,000
	March 29		600			$	1,140			$	684,000
	Inventory at March 31:		500

Inventory on March 31: 500 Collapse question section 

(a) Assuming Englehart uses a periodic inventory system, March 31' Determine the cost of on-hand inventory and cost of goods sold under first-in, first-out (FIFO) for March. Cost of inventory $ Cost of goods sold $ Click if you want to Show the Work for this question: