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Grouper Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 110 $3.10 Purchases: September 8 440

Grouper Company's inventory records show the following data for the month of September:

Units Unit Cost

Inventory,

September 1

110 $3.10

Purchases:

September 8

440 3.50

September 18

300 3.75

A physical inventory on September 30 shows 150 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system.

Ending inventory $enter a value of ending inventory in dollars

Cost of goods sold $enter a cost of goods sold in dollars

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