Monty 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. Monty Company uses the periodic inventory system. Purchases Unit Units Cost 102 $40 59 $50 Sales Units Selling Price/Unit 59 $90 3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase 204 $55 67 94 $100 $100 $100 59 43 $60 (a) Your answer is incorrect Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $