PART-C Lester Company sells many products. Hackenberry is one of its popular items. Lester Company had the following inventory purchases and sales of Hackenberry for the month of March. Lester Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory $40 3/3 Purchase 60 $50 100 3/4 Sales 70 $80 3/10 200 $55 Purchase Sales 3/16 80 $90 3/19 Sales 60 $90 3/25 Sales 40 $90 3/30 Purchase 40 $60 Instructions (a) Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. (Show computations) (b) Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31st. (Show computations)