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10 5. Wiesman Corporation's inventory records showed the following for the month of January: 280 Jan. 1 beginning units $9 per unit Jan. 7 purchase

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10 5. Wiesman Corporation's inventory records showed the following for the month of January: 280 Jan. 1 beginning units $9 per unit Jan. 7 purchase 170 units $10 per unit Jan. 9 sale 300 units $35 per unit Jan. 14 purchase 200 units $11 per unit Jan. 24 sale 150 units $35 per unit Jan. 30 purchase 230 units $12 per unit The company uses LIFO (Last In First Out) Method and a perpetual inventory system. Show the amount (units and dollars) for Cost of Goods Sold and Ending Inventory for January. DATE PURCHASES SALES/COGS Units Unit Cost Total Units Unit Cost Total Jan. 1 280 $9 $2,520 Jan? 170 10 1,700 BALANCE Units Unit Cost Total 280 $9 $2,520 200 89 2,320 170 $10 1,700 1170 $10 tu 700 Jangl 1700 150 89 1,350 130 49 11170 Jan 14 2004 1 62,2ool 1150 a $350 200 611 2,200 2001 62,200 150 39 31,350 Jan 24 KA sa

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