Lace company uses the periodic inventory system. The company's beginning inventory and inventory purchases during March 2020 were as below. Mar 01: Begiming inventory, 110 units @ $10 per unit Mar 9: Inventory purchased, 145 units @ $14 per unit. Mar 22: Inventory purchased, 85 units @ $18 per unit. During March Lace company sold 165 units. Calculate cost of goods sold and ending inventory for March 2020 using both the Weighted Average cost and First in, first out (FIFO) method. Write the journal entries for Mar 9 inventory purchase and sale of the 110 units from beginning inventory at @ $25. Both purchase and sale on account