Mary 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. Mary Company uses the perpetual inventory system. 3/1 3/3 3/4 3/10 3/16 3/19 3/25 Beginning inventory Purchase Sales Purchase Sales Sales Sales 3/30 Purchase Purchases Units 95 55 205 35 Unit Cost $38 $51 $55 $55 Sales Units 55 85 70 60 Selling Price/Unit $85 $90 $95 $90

Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31

Mary 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. Mary Company uses the perpetual inventory system