p. 353 PE 7-2A Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Copper are as follows: Mar. 1 9 13 25 Inventory Sale Purchase Sale 450 units at $7 390 units 410 units at $8 340 units OBJ. 3 Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on March 25 and (b) the inventory on March 31.

PE 7-2A Perpetual inventory using FIFO OBJ. 3 Beginning inventory, purchases, and sales for Item Copper are as follows: Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on March 25 and (b) the inventory on March 31