Mitchell Co uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for 2018 Month Beginning Inventory January February March Totals Sales Units Units 1,470 1,890 1,969 1,365 1,838 1.785 5,696 5.906 Purchases Cost per unit $5.00 1,286 $8.00 $5.00 $6.00 Totals $7,350 $10,290 $6.825 $10,710 $35,175 Relative to March, the company projects a 4 percent increase in cost of goods sold during April The desired ending inventory balance for April is $1,575. Rice LLC pays cash to settle 60 percent of its purchases on account during the month of purchase and pays the remaining 40 percent in the month following the purchase. The accounts payable balance as of March 31 was $4,463 Relative to March, the company projects a 4 percent increase in cost of goods sold during April. The desired ending inventory balance for April is $1,575. Rice LLC pays cash to settle 60 percent of its purchases on account during the month of purchase and pays the remaining 40 percent in the month following the purchase. The accounts payable balance as of March 31 was $4,463 Required: Based on the FIFO inventory valuation methods answer the following questions. You may round your final answer to the nearest dollar. What is the ending inventory balance at the end of March? $ What is the total cost of goods sold at the end of March? $ What is the amount of purchases budgeted for April? S What is the amount of cash payments budgeted for inventory purchases in April? S