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

Wooderson Company sells many products. Gizmo is one of its popular items. Below is an ana lysis of the inventory purchases and sales Of Gizmo for the month Of March. Wooderson Company uses the periodic inventory system. 3/1 3/3 3/10 3/16 3/19 3/25 3/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase Purchases units 100 60 200 40 Unit Cost $40 $50 $55 $60 Sales units 60 70 90 60 Selling Price/lJnit $80 $90 $90 $90