Inventory Costing The following information relates to the inventory flow of Max's Sporting Goods: 1 March - beginning inventory is 5 cricket bats @ $61 each 3 March - purchased 7 cricket bats @ $58 each 6 March - sold 4 cricket bats 8 March - purchased 5 cricket bats @ $62 each 10 March - sold 6 cricket bats 13 March - sold 7 cricket bats Required: a. Assuming a perpetual inventory system, use the FIFO inventory costing method to calculate the cost of the goods sold at each sale (3 dates). b. Assuming a periodic inventory system, use the weighted average inventory costing method to calculate the cost of the goods sold on 10 March