02/03 Beg. Inventory 20 units @ $15 $300 02/04 Purchase 13 units @$17 $221 02/04 Sold 18 units 02/21 Purchase 9 units @$20 $180 02/26 Sold 10 units.

1) The business maintains its Perpetual Inventory under the LIFO Method.

Calculate following items:

a) Ending inventory Total Number of Units and Total dollar Amount

b) Cost of goods sold

c) Calculate the total Selling Price (Assume the units sold were sold for $25.00 each).

d) Gross Profit.