March 1 Purchase: 100 units, $50 each

March 5 Purchase: 400 Units, $55 each

March 18 Purchase: 120 Units, $60 each

March 25 Purchase: 200 Units, $60 each

March 9 Sales: 425 Units, $80 each

March 29 Sales: 160 Units, $95 each

IIIII2 Sales 1 2 3 4 0 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Required 1 Required 2 Required 3 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Inventory Balance # of Cost per Goods Purchased Cost per units unit 100 @ $ 50.00 Cost of Goods Sold Cost per unit Cost of Goods Sold Date # of units sold # of units Inventory Balance unit 50.00 March 1 100 @ $ = $ 5,000.00 March 5 400 @ $ 55.00 50.00 $ 100 @ 400 @ $ $ 55.00 = 5,000.00 22,000.00 27,000.00 $ March 9 = $ 0.00 @ $ $ 50.00 55.00 @ $ 50.00 55.00 0.00 March 18 120 @ $ 60.00 50.00 @ $ @ $ @ $ 55.00 60.00 March 25 March 29 Totals $ 0.00 $ 0.00