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35. Harlan Corporation uses the periodic inventory system and the following information about their laptop computers is available: Date Transaction Number of Units Cost per

35. Harlan Corporation uses the periodic inventory system and the following information about their laptop computers is available:

Date Transaction Number of Units Cost per unit
01/01 Beginning Inventory 100 $800
05/05 Purchase 200 $900
08/10 Purchase 300 $1000
10/15 Purchase 200 $1050

During the year, 600 laptop computers were sold. What were ending inventory and cost of goods sold on 12/31 under the LIFO cost flow assumption?


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