(a) Your answer is incorrect. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ e Textbook and Media Save for Later Last saved 14 minutes ago. Attempts: 2 of 3 used Submit Answer Saved work will be auto-submitted on the due date. illempi nistory Current Attempt in Progress Mary 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. Mary Company uses the perpetual inventory system. Purchases Sales Units Units Selling Price/Unit Unit Cost $38 $48 3/1 90 Beginning inventory Purchase 3/3 55 3/4 Sales 55 $75 3/10 195 $50 Purchase Sales 85 3/16 3/19 Sales 65 $85 $85 $85 3/25 Sales 55 3/30 Purchase 35 $55