FIFO LIFO Weighted Average Final Question ctions Date Transaction Number of Units Per Unlt Total 1 Inventory 7,500 22,500 11,250 3,750 1,500 54,000 27,000 25,500 45,000 30,000 7,500 26,250 75.00562,500 85.00 1,912,500 150.00 150.00 562,500 150.00 225,000 87.504,725,000 160.00 4,320,000 160.004,080,000 89.50 4,027,500 160.00 4,800,000 Jan. 10 Purchase 28 Sale 1,687,500 30 Sale 5 Sale 10 Purchase 16 Sale 28 Sale Feb. 5 Purchase 14 Sale 25 Purchase 30 Sale Mar. 90.00 675,000 160.004,200,000 Instructions 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the frst in.first-out method and the periodic inventory system