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Englehart Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the month of March.

			Units		Price per Unit					Total
Residential Pumps
	Inventory at Feb. 28:		210			$	380			$	79,800
Purchases:
	March 10		510			$	450			$	229,500
	March 20		380			$	470			$	178,600
	March 30		300			$	490			$	147,000
Sales:
	March 15		510			$	530			$	270,300
	March 25		380			$	560			$	212,800
	Inventory at March 31:		510
Commercial Pumps
	Inventory at Feb. 28:		600			$	810			$	486,000
Purchases:
	March 3		600			$	890			$	534,000
	March 12		320			$	950			$	304,000
	March 21		510			$	1,000			$	510,000
Sales:
	March 18		910			$	1,080			$	982,800
	March 29		610			$	1,140			$	695,400
	Inventory at March 31:		510

Assume Englehart uses dollar-value LIFO and one pool, consisting of the combination of residential and commercial pumps. Determine the cost of inventory on hand at March 31 and the cost of goods sold for March. Assume Engleharts initial adoption of LIFO is on March 1. Use the double-extension method to determine the appropriate price indices. (Hint: The price index for February 28/March 1 should be 1.00.) (Round Price Index to 3 decimal places and other answers to 0 decimal places, e.g. 52.275.)

Cost of inventory			$
Cost of goods sold			$
Price index

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