During 2021, a company sells 395 units of inventory for $94 each. The company has the following inventory purchase transactions for 2021:

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		67		$	61			$	4,087
May	5	Purchase		165			63				10,395
Nov.	3	Purchase		190			66				12,540
				422						$	27,022

Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO.

During 2021, a company sells 395 units of inventory for $94 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 67 165 190 Unit Cost $61 63 66 Total Cost $ 4,087 10,395 12,540 $27,022 422 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold