Ayayai 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. Ayayai Company uses the perpetual inventory system.

				Purchases						Sales
				Units			Unit Cost			Units			Selling Price/Unit
3/1		Beginning inventory		60			$55
3/3		Purchase		36			$60
3/4		Sales								36				$120
3/10		Purchase		120			$65
3/16		Sales								54				$130
3/19		Sales								42				$130
3/25		Sales								30				$130
3/30		Purchase		24			$75

(d)

Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31.

Amount assigned to the inventory=

(e) Using the LIFO assumption, calculate the amount charged to Cost of Good Sold for March.

CoGS=