Premier Company uses a periodic inventory system.
The following are inventory transactions for the month of March:		Cost
			Units	Per Unit
1-Mar	Beginning inventory	30,000	$ 12.00
21-Mar	Purchase		20,000	$ 14.00
24-Mar	Purchase		40,000	$ 11.00
31-Mar	Sales at $40 per unit	70,000
Premier uses the LIFO method to determine the value of its inventory.
What amount should Premier report as cost of goods sold on its income statement
for the month of March?
A. Cost of Goods Sold
B. Dollar value ending inventory