DateTransactionAmountMarch 1Opening inventory550 items @ $26/itemMarch 8Purchases1,000 items @ $28/itemMarch 19Sales1,200 units @ $40/itemMarch 28Purchases750 units @ $30/item

If Anne's Bakery uses a perpetual inventory system and a LIFO cost flow assumption, what is the cost of goods sold for the month of March?

$32,500

$32,550

$33,200

$35,100

$31,200