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

April 3	Inventory	12 units @	$20.00
11	Purchase	9 units @	$20.00
14	Sale	12 units
21	Purchase	19 units @	$25.00
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.

cost of goods sold $520.00 ending inventory $375.00

cost of goods sold $590.00 ending inventory $305.00

cost of goods sold $590.00 ending inventory $375.00

cost of goods sold $590.00 ending inventory $650.00