Sandhill 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 130 $ 20 3/3 Purchase 90 $ 30 3/4 Sales 100 $ 40 3/10 Purchase 230 $ 35 3/16 Sales 110 $ 50 3/19 Purchase 70 $ 40 3/25 Sales 150 $ 50

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 LIFO Cost of goods sold $ enter a dollar amount $ enter a dollar amount Ending inventory $ enter a dollar amount $ enter a dollar amount