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Pharoah Company uses the perpetual inventory system and had the following purchases and sales during March. Purchases Sales Units Unit Cost Units Selling Price/Unit

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Pharoah Company uses the perpetual inventory system and had the following purchases and sales during March. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 122 $30 3/3 Purchase 82 $40 3/4 Sales 92 22 $60 3/10 Purchase 222 $45 3/16 Sales 102 $70 3/19 Purchase 62 62 $50 3/25 Sales 142 $70 Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory at March 31 using FIFO and LIFO. FIFO Cost of goods sold $ Ending inventory $ $ $ LIFO

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