Moodle Course Archive Wooderson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning Inventory 100 $40 3/3 Purchase 60 $50 3/4 Sales 60 $80 3/10 Purchase 200 $55 3/16 Sales 70 $90 3/19 Sales 90 $90 3/25 Sales 60 S90 3/30 Purchase 40 $60 mons SAMSUNG Instructions: 1. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. (Show computations) (4 points) 2. Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31. (Show computations) (4 points) 3. Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. (Show computations) (2 points)