Financial Accounting

26. Giles Manufacturing uses a perpetual inventory system and has the following transactions for month of June 2018: Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 17 12 13 Cost per Unit $240 Total Cost $4,080 230 2,990 14 220 3,080 15 210 1,680 $11,830 Required: Using LIFO, calculate ending inventory and cost of goods sold at June 30, 2018