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Gonzales Company had the following information for the year ending December 31: Beginnmg inventory Sale: Sale: April 6 May 4 July 19 September 9

Gonzales Company had the following information for the year ending December 31: Beginnmg inventory Sale: Sale: April 6 May 4 July 19 September 9 October 10 Units 360 590 520 300 460 270 Unit Cost S 42 40 35 31 Gonzales uses the ELpetual 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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