Carla company uses the perpetual inventory system. The following information is available for January of the current year when Carla sold 1,600 units of inventory on January 14.

Periodic Inventory-HIFO Carla Company uses the perpetual inventory system. The following information is available for January of the current year wher Total Units Cost/Unit Cost $0.25 $375 297 $672 1,500 1,100 2,600 Inventory, Jan. 1 0.27 Purchases, Jan. 13 Using the FIFO method, calculate Carla's cost of goods sold for January and its January 31 inventory. Cost of goods sold- Ending inventory