$($Appendix $6$B$)$ Inventory Costing Methods: Periodic LIFO

Bordeaux Company has the following information related to purchases and sales of one of its inventory items:

$\backslash$table$[[$Date$,$Description,Units Purchased at Cost,Units Sold at Retail$],[$June $1,$Beginning Inventory,$150$ units @ $$10=$$$1,500,],[9,$Purchase $1,200$ units @ $$12=$$$2,400,],[14,$Sale $1,,],[22,$Purchase $2,250$ units @ $$14=$$$3,500$ units @ $$25,],[29,$Sale $2,,200$ units @ $$25]]$

Assume that Bordeaux uses a periodic inventory system.

Required:

Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method.

Cost of goods sold

$

Cost of ending inventory