During 2024, a company sells 400 units of inventory for $85 each. The company has the following inventory purchase transactions for 2024: Date January 1 May 5 November 3 Transaction Beginning inventory Purchase Purchase Ending inventory Cost of goods sold Number of Unit Units 60 180 190 430 Cost Total Cost $70 72 75 $4,200 12,960 14,250 $31,410 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses LIFO.

During 2024, a company sells 400 units of inventory for $85 each. The compony has the following inventory purchase transactions for 2024. Calculate ending inventory and cost of goods sold for 2024 assuming the company uses LiFO