LIFO Perpetual Inventory

The beginning inventory of merchandise at Keats Office Supplies and data on purchases and sales for a three-month period are as follows:

Date		Transaction	Number of Units		Per Unit		Total
March 3		Inventory	48		$150		$7,200
8		Purchase	96		180		17,280
11		Sale	64		500		32,000
30		Sale	40		500		20,000
April 8		Purchase	80		200		16,000
10		Sale	48		500		24,000
19		Sale	24		500		12,000
28		Purchase	80		220		17,600
May 5		Sale	48		525		25,200
16		Sale	64		525		33,600
21		Purchase	144		240		34,560
28		Sale	72		525		37,800