Use the following information to calculate the value of inventory on hand on March 31 and cost of goods sold during March using FIFO perpetual inventory system.

01-Mar		Beginning Inventory	50 units @ R15 per unit
5		Purchase	130 units @ 20 per unit
9		Sale	90 units @ 22 per unit
11		Purchase	39 units @ R16 per unit
16		Purchase	79 units @ R17per unit
20		Sale	120 units @ R21 per unit
31		Sale	61 units @ R22 per unit