Knowledge Check

Given the following information, compute the cost of ending inventory LIFO method.

Pharoah Appliances

Washer Hoses

Step $1$

Ending Inventory

How do I do step $2?$Step $2$

Cost of Goods Sold

Cost of goods available for sale

Less: Ending inventory

Cost of goods soldWasher Hoses

$\backslash$table$[[\backslash$table$[[$Date$],[$Jan$.1]],\backslash$table$[[$Explanation$],[$Beginning Inventory$]],\backslash$table$[[$Units$],[33]],$Unit Cost,Total Cost$],[$$$,8,$$$,264],[$Mar$.22,$Purchase,$82,,9,,738],[$Jul$.3,$Purchase,$164,,10,,1,640],[$Oct$.31,$Purchase,$49,,12,,588],[$Total units available for sale,$328,,,$$$,3,230],[$Units in ending inventory,$(74),,,,],[$Units sold,$254,,,,]]$

Step $1$

$\backslash$table$[[$Ending Inventory$],[$Date$,$Units,,Unit Cost,,Total Cost$],[$Jan$.1,,$$$,,,],[$Mar$.22],[,,,,$$$,]]$

Step $2$

Cost of Goods Sold

Cost of goods available for sale

$