Kimberly 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. Kimberly uses the perpetual inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 104 $40 3/3 Purchase 60 $50 3/4 Sales 60 50 $80 3/10 Purchase 243 $55 3/16 Sales 109 $90 3/19 Sales 3/25 Sales $90 $90 3/30 Purchase 47 $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 $ 15355 (b) Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending inventory $ Attempts: 2 of 2 used