X Company uses a perpetual inventory system. The company's beginning inventory and its purchases during the month of March are presented in this table: Date Quantity Unit Cost Selling price March 1 Beginning inventory 50 units $2 March 5 Purchase 80 25 March 15 Purchase 100 3 March 20 Sale 150 12 March 25 Sale 60 12 Refer to the above data: Assuming that the company uses the FIFO flow assumption, the cost of goods sold to be recorded during March was: * $540 $560 $2,520 None of the above Refer to the above data: Assuming that the company uses the FIFO flow assumption,