Question 3 Alternative cost flow assumptions-perpetual inventory system LO Sports Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top-selling hockey sticks. The hockey stick sells for $130. Description Units Unit Cost Mar. 1 Beginning Inventory 5 $30 Mar. 3 Purchase 50 $35 Mar.6 Purchase 100 $40 Mar.17 Sale 45 Mar. 23 Purchase 30 $40 Mar. 31 Sale 120 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following costing methods. Use the worksheet. 1. FIFO Cost of goods sold Ending Inventory