Wooderson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Wooderson Company uses the perpetual inventory system. FIFO SHOW YOUR WORK COGS - MARCH 4TH Units 1-Mar Beginning inventory 3-Mar Purchase 10-Mar Purchase 19. Mar Purchase 100 Purchases Number of Units Unit Cost $ 50.00 50 $ 60.00 200 S 65.00 40 $ 70.00 Sales Date Units Sold 4-Mar 60 16-Mar 70 30-Mar 90 COGS - MARCH 16TH COGS - MARCH 30TH Instructions 1. Using the FIFO assumption, calculate the amount charged to cost of goods sold for each sales date and the value of ending inventory. ENDING INVENTORY 2. Using the LIFO assumption, calculate the amount charged to cost of goods sold for each sales date and the value of ending inventory. LIFO SHOW YOUR WORK COGS - MARCH 4TH COGS - MARCH 16TH COGS - MARCH 30TH ENDING INVENTORY