of JulyJuly: LOADING... (Click the icon to view the inventory records.) At JulyJuly 31, SaxtonSaxton counts tenten units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for SaxtonSaxton using the LIFO inventory costing method. Question content area bottom Part 1 LIFO Cost Ending Merchandise Inventory $600 Cost of Goods Sold $2,410