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During 2020, a company sells 377 units of inventory for $92 each. The company has the following inventory purchase transactions for 2020: Date Transaction Number

During 2020, a company sells 377 units of inventory for $92 each. The company has the following inventory purchase transactions for 2020:

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 65 $ 68 $ 4,420
May 5 Purchase 170 70 11,900
Nov. 3 Purchase 187 73 13,651
422 $ 29,971

Calculate ending inventory and cost of goods sold for 2020 assuming the company uses LIFO.

Ending inventory
Cost of goods sold

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