Compute the goods sold and the ending inventory LIFO is used

ACCT 1800/1500 Inventory Problem 1 - (14 points) Horizon Furnishings, Inc. completed these inventory transactions during the month of March: DATE ITEM QUANTITY UNIT COST March 1 Balance 10 $90 March 4 Purchase 38 $87 March 12 Sale 42 March 22 Purchase 60 $103 March 31 Sale 62 A) Compute the cost of goods sold and the ending inventory if LIFO is used, showing your work below. YOU MUST PLACE YOUR ANSWERS IN THE BOLD OUTLINED BOXES ON THE TOTALS LINE. DATE PURCHASES COST OF SALES INVENTORY ON HAND 3/1 3/4 3/12 SALE 3/22 3/31 SALE TOTALS