QUESTION 19 5 points Save Answer Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses FIFO inventory valuation and a perpetual inventory system Date Activities Units Acquired at Cost Units Sold at Retail January 1 Purchase 100 units @ $10-$1,000 February 5 Purchase 60 units $12.5720 March 10 Salo 40 units 510