Beginning inventory, purchases, and sales for Item ER27 are as follows:

March 1		Inventory	106 units @ $30
5		Sale	85 units
11		Purchase	118 units @ $34
21		Sale	99 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