Le to review the subsidiary inventory lede Inventory Date Quantity Unit Cost Total Cost Mar. 1 850 598 $83,300 1,275 595 $121.125 Mar. 650 $98 $63,700 Mar. 11 325 598 $31,850 Mar 14 325 398 $31,850 780 5103 580,340 Mar. 23 260 $98 $25,480 Mar 25 250 $95 $25,480 1.500 SIDI 5151.500 Study the inventory record for March and answer the questions that follow 1. Souming that the product sells for $165 and that 80% of sales are an account determine the gross profit from sales for March 2. Mang the same assumptions as in (1), determine the ending inventory cost for March: s 3. Which entory method is being used? LIFO Le to review the subsidiary inventory lede Inventory Date Quantity Unit Cost Total Cost Mar. 1 850 598 $83,300 1,275 595 $121.125 Mar. 650 $98 $63,700 Mar. 11 325 598 $31,850 Mar 14 325 398 $31,850 780 5103 580,340 Mar. 23 260 $98 $25,480 Mar 25 250 $95 $25,480 1.500 SIDI 5151.500 Study the inventory record for March and answer the questions that follow 1. Souming that the product sells for $165 and that 80% of sales are an account determine the gross profit from sales for March 2. Mang the same assumptions as in (1), determine the ending inventory cost for March: s 3. Which entory method is being used? LIFO