July 1	Beginning merchandise inventory	9	units	@	$35	each
	8	Purchase	8	units	@	$30
	15	Purchase	12	units	@	$44
	26	Purchase	16	units	@	$42

The periodic inventory records of Saxton Prosthetics indicate the following for the month of

July

At July 31, Saxton counts six units of inventory on hand.

Compute ending merchandise inventory and cost of goods sold for

Saxton using the LIFO inventory costing method.

	LIFO Cost
Ending Merchandise Inventory
Cost of Goods Sold