LIME Suppliers is a wholesale company. It focuses primarily on office supplies, furniture, and small electronic items. LIME Suppliers uses the perpetual inventory system. For one specific inventory item, it had the following transactions during the month of April 2018.

There were 10 items at the beginning of the month, with a cost of $10 each.

Date	Transaction	Quantity	Price
Apr 5	Purchased items	40	$12
Apr 7	Sold items	20
Apr 15	Purchased items	50	$14
Apr 19	Purchased items	20	$16
Apr 27	Sold items	50

A) Calculate the value of COGS and ending inventory using the LIFO method.

Date	Purchases			Sales			Balance
	Quantity	Unit Cost	Value	Quantity	Unit Cost	Value	Quantity	Unit Cost	Value
Apr 1
Apr 5
Apr 7
Apr 15
Apr 19
Apr 27
Ending Inventory

Cost of Goods Sold: