Beginning inventory, purchases, and sales for Item CZ83 are as follows:

March 1		Inventory	92 units @ $15
5		Sale	74 units
11		Purchase	102 units @ $19
21		Sale	86 units

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 21 and (b) the inventory on March 31.

a. Cost of merchandise sold on March 21	$fill in the blank 1
b. Inventory on March 31	$fill in the blank 2