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Maria Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for

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Maria 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. Maria Company uses the perpetual inventory system. Sales Units Purchases Units Unit Cost 90 $40 60 $51 Selling Price/Unit 65 $85 200 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase 3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 $50 95 65 55 $95 $85 $90 45 $65 (a) Your answer is incorrect. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $

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