Date Activities Units Acquired at Cost Units Sold at Retail

August $1$ Beginning inventory $100$ units @ $$10=$ $$1,000$

August $5$ Purchase $40$ units @ $$12=$ $$480$

August $10$ Sale $60$ units sold

August $15$ Purchase $70$ units @ $$13=$ $$910$

August $25$ Sale $50$ units sold

Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system.

Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system.