Beginning inventory, purchases, and sales for Item 88-HX are as follows:

Mar. 1		Inventory	92 units @ $26
8		Sale	74 units
15		Purchase	102 units @ $28
27		Sale	86 units

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Mar. 27 and (b) the inventory on Mar. 31.