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Lisa Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for

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Lisa 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. Lisa Company uses the perpetual inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 100 3/1 3/3 Beginning inventory Purchase $42 $51 60 3/4 Sales 55 $85 195 $50 3/10 3/16 Purchase Sales 85 3/19 Sales 70 $85 $85 $95 3/25 Sales 60 3/30 Purchase 35 $60 Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Inventory $ tA

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