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Question 2 of 29 ******** Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purcha

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Question 2 of 29 ******** Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purcha of Gizmo for the month of March. Concord Company uses the perpetual inventory system. Sales Units Purchases Unit Units Cost 310 $55 186 Selling Price/Unit 3/1 3/3 $60 3/4 186 $120 620 $65 3/10 3/16 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase 3/19 3/25 3/30 279 217 155 $130 $130 $130 124 $75 (d) Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory $ Save for Later Attempts: 0 of 1 used Submit A

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