You are the manager of a new retail cart at the mall. Your business uses the perpetual inventory system. You need to decide which inventory cost flow assumption method your new business will use: FIFO or LIFO. Using this method, prepare the journal entries, compute the sales revenue, cost of goods sold and ending inventory for your first month of operations (March). Data provided: 1. Which inventory cost flow assumption will your business use? 2. Required lournal Entries 3. What is your total sales revenue for March? 4. What is your total cost of goods sold for March? 5. What is your total dollar value of ending inventory at March 31