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

April 3	Inventory	11 units @	$19.00
11	Purchase	10 units @	$22.00
14	Sale	12 units
21	Purchase	22 units @	$23.00
25	Sale	12 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 $456.00 ending inventory $479.00

cost of goods sold $534.00 ending inventory $552.00

cost of goods sold $534.00 ending inventory $479.00

cost of goods sold $534.00 ending inventory $401.00