Question: Question 34 (2 points) The activity for a specific inventory item for the month of March was as follows: Unit Total Units Cost Cost $750

Question 34 (2 points) The activity for a specific inventory item for the month of March was as follows: Unit Total Units Cost Cost $750 March 1 inventory 30 $25 Purchases: March 5 3,600 March 10 2,800 March 15 3.600 Goods Available for Sale $10.750 Sales: 140 March 11 March 19 100 240 Using first-in, first-out (FIFO) under a periodic inventory system, what is the balance of Cost of Goods Sold for month ended March 31? Assuming physical count indicates that the ending! balance of Inventory is $3,280

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