The mann Corporation began operations in 2011. Information relating to the company's purchases of inventory and sales of products for 2011 and 2012 are as follows:

2011

January 1 ......Purchase 200 units @ $10 per unit

April 1............Sold 120 units @ $25 per unit

July 1..........Purchase 100 units @ $14 per unit

September 1.....Sold 130 units @ $25 per unit

2012

January 1....Purchase 100 units @ $16 per unit

April 1.........Sold 80 units @ $30 per unit

July 1...........Purchase 100 units @ $18 units

September 1....Sold 100 units @ $35 per unit

Calculate the cost of goods sold and ending inventory using the LIFO Perpetual for both years. Be sure to include the 2011 ending inventory into the 2012 calculation. The selling cost should have no impact on the calculations