Use the following information for questions 56 and 59. Use the following information for questions 59 to 60 During June, the following changes in inventory took place: June 1 Balance 1,400 units @ $24 June 14 Purchased 800 units @ $36 June 24 Purchased 700 units @ $30 June 8 Sold 400 units @ $50 June 10 Sold 1,000 units @ $40 June 29 Sold 500 units @ $44 Perpetual inventories are maintained. The cost of the ending inventory under LIFO is 34,800 21,000 28,800 31,800 During June, the following changes in inventory took place: June 1 Balance 1,400 units @ $24 June 14 Purchased 800 units @ $36 June 24 Purchased 700 units @ $30 June 8 Sold 400 units @ $50 June 10 Sold 1,000 units @ $40 June 29 Sold 500 units @ $44 Perpetual inventories are maintained. The cost of goods sold under LIFO is O 28,800 48,600 50,000 O 50,800