23 Centennial, Inc. sold 600 units of inventory at $20 per unit on account. The company uses the perpetual inventory system and the last-in, first-out (LIFO) inventory costing system. The beginning inventory included 200 units at $9 per unit.The most recent purchases include 700 units at $12 per unit.The sale occurred after the last purchase.

A) Prepare the journal entries to record the sale. Omit explanations.

B) Compute the cost of the ending inventory. Label your work.