LUI. PS - 320 Feb 4. Temple Gadget Wholesalers had the following for 1 Beg. inventory 6 Purchase 13 Purchase 20 Purchase 25 Purchase Total sales 620 units Ending inventory 220 units following for the month of February 200 units @ $6.00 - 1200 300 units @ $6.60 = 1940 100 units @ $7.20 3 720 200 units @ $7.80 40 units @ $8.40 33 5796 - 1332 4464 A periodic inventory system is used. Using LIFO, the cost of goods sold is: $1,740 6. $4,464 $1,332 $4,056 Ending