Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the month of March Price per Unit Units Total 420 $ 300 $ 126,000 1,050 840 630 $ $ $ 450 475 500 $ $ $ 472,500 399,000 315,000 1.050 840 1,050 $ $ 540 570 $ $ 567.000 478,800 Residential Pumps Inventory at Feb. 28: Purchases: March 10 March 20 March 30 Sales: March 15 March 25 Inventory at March 31: Commercial Pumps Inventory at Feb. 28: Purchases: March 3 March 12 March 21 Sales: March 18 March 29 Inventory at March 31 1.260 $ 800 $ 1,008,000 1,260 630 $ 900 $ 950 $ 1.000 $ 1.134.000 $ 598,500 $ 1,050,000 1,050 1,890 1,260 1,050 $ 1,080 $ 1,140 $ 2,041,200 $ 1.436,400 Assuming Vaughn uses a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under first-in, first-out (FIFO). Cost of inventory $ Cost of goods sold $