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During 2024, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2024: Number of Unit Total Date

During 2024, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2024: Number of Unit Total Date Transaction Units Cost Cost January 1 September 8 Beginning inventory Purchase 17 $52 $884 11 54 594 28 $1,478 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses LIFO. Ending inventory $ Cost of goods sold $ 416: 1,062

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