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Evans Company had the following information for the year ending December 31: Additional Resources Units Unit Cost Beginning inventory 350 $30 Purchase: April 6 600

Evans Company had the following information for the year ending December 31:

Additional Resources

Units Unit Cost
Beginning inventory

350

$30

Purchase: April 6

600

43

Sale: May 4

410

Purchase: July 19

240

44

Sale: September 9

460

Purchase: October 10

190

45

Evans uses the perpetual inventory system and the LIFO method.

Required:

Using LIFO

(a) Compute the cost of ending inventory.

(b) Compute the cost of goods sold for the year.

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