Hardware, Inc., completed the following inventory transactions during the month of March:

Date	Item	Quantity	Unit Cost
March 1	Balance	20	$70
March 4	Purchase	55	$72
March 12	Sale	66
March 22	Purchase	54	$74
March 31	Sale	24

Prepare a perpetual inventory record using LIFO.

Start by entering the opening inventory balance. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (For cost of goods sold, enter the first layer out under LIFO costing first. For inventory on hand, enter the oldest inventory layer first.) From March 1 - 31 from the data provided.