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Perez Cumpany had the following information for the year ending December 31: Units Unit Cost Beginning inventory 320 $45 Purchase: April 6 380 44 Sale:

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Perez Cumpany had the following information for the year ending December 31: Units Unit Cost Beginning inventory 320 $45 Purchase: April 6 380 44 Sale: May 4 480 Purchase: July 19 600 40 Sale: September 9 200 Purchase: October 10 100 35 Perez uses the perpetual inventory system and the LIFO method. Required: Using LIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. Cost of ending inventory . $ $ Cost of goods sold

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