What is the COGS if Evelyn Enterprises use LIFO? Information on Evelyn Enterprises' inventories is below for the first quarter of 2021: Quantity Unit Price Total 1000 10 $ 10,000 Beginning inventory, Jan. 1, 20X1 (1) Purchase 2500 11 $ 27,500 (2) Purchase 1250 10 $ 12,500 1100 10.5 $ 11,550 (3) Purchase Ending inventory, Mar. 31, 20X1 1200 $12,200 $12,550 $49,000 $49,350