6. Use this inventory information for the month of July to answer the following question.

	July	1		Beginning inventory	20 units @ $120
		5		Purchase	60 units @ $112
		21		Purchase	30 units @ $116
		31		Sale	70 units

A perpetual inventory system is used. Using LIFO, cost of goods sold is
Cost of goods sold: $___________________ Ending inventory $________________

Use