Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales for Item $88-$HX are as follows:

Mar. $1$ Inventory $108$ units @ $$31$

$8$ Sale $86$ units

$15$ Purchase $120$ units @ $$33$

$27$ Sale $101$ units

Assuming a perpetual inventory system and using the last$-$in$,$ first$-$out $($LIFO$)$ method, determine $($a$)$ the cost of goods sold on Mar. $27$ and $($b$)$ the inventory on Mar. $31.$

a$.$ Cost of goods sold on Mar. $27$ $fill in the blank $1$

b$.$ Inventory on Mar. $31$ $fill in the blank $2$