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

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Martinez 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. Martinez Company uses the perpetual inventory system. Purchases Sales Unit Units Units Cost Selling Price/Unit 3/1 170 Beginning inventory $55 3/3 Purchase 102 $60 3/4 Sales 102 $120 3/10 Purchase 3401 $65 3/16 Sales 153 $130 3/19 Sales 119 $130 3/25 Sales 85 $130 3/30 Purchase 68 $75 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold

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