nventory Costing Methods and the Periodic Method

Lambeth Company experienced the following events in February:

Date Event Units Unit Cost Total Cost Feb. $1$ Purchased inventory $100$ @ $$74$ $$7,400$ Feb. $4$ Sold inventory $50$ Feb. $9$ Purchased inventory $100$ @ $$76$ $$7,600$ Feb. $27$ Sold inventory $100$

If the Lambeth Company uses the LIFO inventory costing method, calculate the company$$s cost of goods sold and ending inventory as of February $28$ assuming the periodic method.

Cost of goods sold Ending inventory