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 Collapse question part (a) Assuming Englehart 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 $ Cost of goods sold $ Click if you would like to Show Work for this question: