rrect Question 5 0/20 pts Crawford Company uses the perpetual inventory system and had the following purchases and sales during March. Sales and Purchases Purchases Sales Selling Date Transaction Units Unit Cost Units Price/Unit Beginning 3/1 50 $40 Inventory 3/3 Purchase 30 $50 3/4 Sales 35 $80 3/10 Purchase 100 $55 3/16 Sales 40 $90 3/19 Purchase 20 $60 3/25 Sales 60 $90 When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. 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. Responses - FIFO & LIFO FIFO LIFO Cost of Goods Sold $ 8300 $ 8700 Ending Inventory $ 1200 $ 800