01:05:36 Hide Time View Policies Current Attempt in Progress Sarasota 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. Sarasota Company uses the periodic inventory system Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 112 $50 Purchase $60 314 Sales 64 $80 3/10 Purchase 224 365 3/16 Sales 22 $90 3/19 Sales 104 590 3/25 Sales $90 3/30 Purchase 48 $70 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March 01:05 Cost of goods sold $ Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31. (Round intermediate calculation and final answer to decimal places, eg. 12) Ending Inventory S Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Inventory S