Periodic Inventory-LIFO Carla Company uses the perpetual inventory system. The following information is available for January of the current year when Carla sold 1,600 units of inventory on January 14. Total Units Cost/Unit Cost Inventory, Jan. 1 1,500 1,100 2,600 $0.25 $375 297 $672 Purchases, Jan. 13 0.27 using the LIFO method, calculate Carla Company's cost of goods sold for January and its January 31 inventory Cost of goods sold Ending inventory = 375}X 297 X