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[The following information applies to the questions displayed below.] During 2018, Noval Company sells 244 units of inventory for $100 each. The company has the following inventory purchase transactions for 2018.

Date	Transaction	Number of Units			Unit Cost	Total Cost
Jan. 1	Beginning inventory		57		$70		$	3,990
Apr. 7	Purchase		177		72			12,744
Oct. 9	Purchase		77		74			5,698
			311				$	22,432

Required:

1. Calculate ending inventory, cost of goods sold, and gross profit for 2018, assuming the company uses LIFO with a periodic inventory system. (Input all values as positive values.)

LIFO	Cost of Goods Available for Sale			Cost of Goods Sold			Ending Inventory
	Number of Units	Unit Cost	Total Cost	Number of Units	Unit Cost	Total Cost	Number of Units	Unit Cost	Total Cost
Beginning Inventory
Purchases:
Apr 07
Oct 09
Total	0		$0	0		$0	0		$0

Sales revenue
Gross profit