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The inventory data for an item for March is: Mar. 1 Inventory Sold Purchased Sold Purchased 35 units at $22 12 units 45 units at

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The inventory data for an item for March is: Mar. 1 Inventory Sold Purchased Sold Purchased 35 units at $22 12 units 45 units at $23 27 units 20 units at $25 21 31 11. Using the above information (see prior page), and assuming a perpetual average costing system, calculate the company's cost of goods sold and ending inventory amounts respectively for the month ended March 31. (NOTE: round the average UNIT COST to two decimal places and FINAL ANSWERS to the nearest dollar) Cost of Goods Sold $: Ending Inventory S

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