Sunland Company uses the perpetual inventory system and had the following purchases and sales during March. 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.

 

Sunland Company uses the perpetual inventory system and had the following purchases and sales during March. 3/1 3/3 3/4 3/10 3/16 3/19 3/25 Beginning inventory 104 Purchase Sales Purchase Sales Purchase Sales Cost of goods sold Ending inventory $ Units $ 64 204 Purchases 44 Unit Cost FIFO $40 $50 $55 $60 tA $ tA Units 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. $ 74 84 124 Sales Selling Price/Unit $80 LIFO $90 $90