Lester Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March. Lester Company uses the periodic inventory system. Purchases Unit Units Cost Sales Selling Price/Unit Units 3/1 Beginning inventory 100 $40 3/3 Purchase 60 $50 3/4 Sales 70 $80 3/10 Purchase 200 $55 3/16 Sales 80 $90 3/19 Sales 60 $90 3/25 Sales 40 $90 3/30 Purchase 40 $65 X Your answer is incorrect. Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Inventory $ ta 7300