Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item: Units Unit Cost Total Cost March 1, inventory 500 $2.50 $1,250 Purchases: March 5 250 3.50 875 March 10 175 4.50 787.50 March 15 100 5.50 550 Sales: March 11 550 March 19 375 Instructions 1. Using the perpetual system, calculate the ending inventory under FIFO and Weighted Average and select the correct choice by drag an drop. 2. Using the perpetual system, calculate the cost of goods sold under FIFO and Weighted Average and select the correct choice by drag an drop. FIFO Choices for Ending Inventory A. 75 units @ $5.5 per unit = $412.5 B. 100 units @5.5 per unit = $550 C. 125 units @5.5 per unit = $687.50