Culver Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Culver Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 90 $40 $40 3/3 Purchase $50 3/4 Sales 53 $90 3/10 Purchase $55 $55 3/16 Sales $100 3/19 Sales $100 $100 3/25 Sales 3/30 Purchase 37 $60 Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Inventory $