QUESTION 1 01-Mar Use the following information to calculate the value of inventory on hand on March 31 and cost of goods sold during March using FIFO perpetual inventory system. 5 9 11 16 20 31 Beginning Inventory Purchase Sale Purchase Purchase MANCOSA Sale Sale [15 MARKS] 50 units @ R15 per unit 130 units @ 20 per unit 90 units @ 22 per unit 39 units @ R16 per unit 79 units @ R17per unit 120 units @R21 per unit 61 units @ R22 per unit [15 MARKSI