K QUESTION 1 Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item: Units Unit Cost Total Cost March 1, inventory Purchases: 500 2.50 1,250.00 05-Mar 250 3.20 800.00 10-Mar 175 4.50 787.50 15-Mar 100 5.75 575.00 Sales: 11-Mar 550 19-Mar 375 Using the perpetual system, determine the ending inventory and cost of goods sold under (round to nearest cent): 1) FIFO: b) Weighted-average a)Calculate the cost of the March 11 items sold a)Calculate the average cost per unit of the March 11 items sold b)Calculate the cost of the March 19 items sold c)Calculate total cost of sales b)Calculate the cost of the March 11 items sold c)Calculate the average cost per unit of the March 19 items sold d)Calculate the cost of the March 19 items sold e)Calculate total cost of sales nCalculate ending inventory d)Calculate ending inventory