Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 units @ $15.00 11 Purchase 7 units @ $19.00 14 Sale 11 units 21 Purchase 17 units @ $22.00 25 Sale 14 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.

A-cost of goods sold $501.00 ending inventory $550.00

b-cost of goods sold $501.00 ending inventory $171.00

c-cost of goods sold $375.00 ending inventory $297.00

d-cost of goods sold $501.00 ending inventory $297.00