Suppose that Reebok's inventory records show the following data for the month of September: Inventory, September 1 Purchases: September 8 September 18 Ending inventory Cost of goods sold Units $ 80 460 310 Unit Cost $3.00 A physical inventory on September 30 shows 150 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. 3.50 3.80

A physical imentory on September 30 shows 150 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic imventory system. Ending inventory Cost of goods sold