During July, the following purchases and sales were made by Martine Company. There was no beginning inventory. Martine Company uses a perpetual inventory system. Accounting Transactions Under the LIFO method, the ending inventory is: (Hint: Make sure to list all transactions in chronological order.) $242 $258 Incorrect. Read - 10.3 Calculate the Cost of Goods Sold and Ending Inventory Using the Perpetual Method. $2200