During 2015, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2015:

Ending Inventory=

Costs of goods sold=

Calculate ending inventory and cost of goods sold for 2015 assuming the company uses LIFO with a periodic inventory system

Date	Transaction	Number of Units			Unit Cost			Total Cost
Jan. 1	Beginning inventory		16		$	59		$	944
Sep. 8	Purchase		11			61			671
			27					$	1,615