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

Additional Resources

		Units	Unit Cost
Beginning inventory		340	$39
Purchase:	April 6	570	43
Sale:	May 4	420
Purchase:	July 19	320	44
Sale:	September 9	380
Purchase:	October 10	100	45

Hayes 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.