Exercise 218 Sheffield 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 Sheffield Company uses the perpetual inventory system. Units Purchases Unit Units Cost 240 $55 144 560 Sales Selling Price/Unit 144 $120 400 565 3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase 216 160 120 $130 $130 $130 96 $75 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March Cost of goods sold Using the FIFO assumption, calculate the value of ending inventory for March Ending Inventory $ LINK TO TEXT Using the moving average cost method, calculate the amount assigned to the inventory on hand on March 31. (Round average cost per unit to 3 decimal places, e.g. 5.254 and final answer to 2 decimal places, e.g. 2,520.56.) Amount assigned to the inventory LINK TO TEXT Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory LINK TO TEXT Using the LIFO assumption, calculate the amount charged to cost of goods sold for March Cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT