ber Click the icon to view the inventory records.) At December 31, Flexon counts ten units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Flexon using the LIFO inventory costing method. LIFO Cost Ending Merchandise Inventory Cost of Goods Sold - X Data table Dec. 1 Beginning merchandise inventory Dec. 8 Purchase Dec. 15 Purchase Dec. 26 Purchase 20 units @ $60 each 20 units @ $50 each 15 units @ $29 each 15 units @ $25 each Print Done