Browning Company began 2021 with $22,000 of inventory. The cost of beginning inventory is composed of 4,000 units purchased for $5.50 each. Merchandise transactions during 2021 were as follows: Date of Purchase (beg. bal.) Jan. 1 Jan. 17 Mar. 22 Oct. 15 4,000 1,000 3,000 3,000 Totals 7,000 *includes purchase price and cost of freight. Date of Sale Date Beginning Inventory Jan. 10 Oct. 15 Jan. 17 Nov. 20 Mar. 22 Apr. 15 Sales Jan. 10 Apr. 15 Nov. 20 Units Purchases Units Total Required: Calculate COGS (6,500 units) & ending inventory (4,500 units) using Perpetual LIFO method. 2,000 1,500 3,000 6,500 Unit Cost* Purchased $5.5 $6 7 7.5 Total Cost Sold $22,000 $6,000 21,000 22,500 $49,500 Total COGS=S Balance Ending Inventory Bal. = $

Browning Company began 2021 with $22,000 of inventory. The cost of beginning inventory is composed of 4,000 units purchased for $5.50 each. Merchandise transactions during 2021 were as follows: -merudes purchase price and cost of freight