problem 3

Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units @ $50 $4,000 Purchases: January 18: 40 units @ $51 January 28: 40 units @ $52 Sales: January 12: 30 units January 22: 30 units January 31: 45 units Required: Compute the ending inventory and cost of goods sold assuming Random Creat uses LIFO and perpetual inventory system