Beginning inventory, purchases, and sales data for tennis rackets are as follows:

April 3	Inventory	12 units @	$16.00
11	Purchase	10 units @	$20.00
14	Sale	11 units
21	Purchase	21 units @	$25.00
25	Sale	10 units

Assuming the business maintains a perpetual inventory system and calculates the cost of goods sold and ending inventory using LIFO.

Select the correct answer.

cost of goods sold $336.00 ending inventory $581.00

cost of goods sold $466.00 ending inventory $525.00

cost of goods sold $466.00 ending inventory $581.00

cost of goods sold $466.00 ending inventory $451.00