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During 2021, a company sells 373 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.

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During 2021, a company sells 373 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 69 167 181 417 Unit Cost Total Cost $69 $ 4,761 71 11,857 74 13,394 $30.012 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. $ 3,036 Ending inventory Cost of goods sold

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