The materials account of the XYZ Company reflected the following changes during August Balance, August 1 18 units $200 Received, August 2 6 units $210 Issued, August 8 8 units Received, August 15 10 units $222 Issued, August 27 15 units Assuming that XYZ Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the LIFO method

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The materials account of the XYZ Company reflected the following changes during August: Balance, August 1 18 units @ $200 Received, August 2 6 units

The materials account of the XYZ Company reflected the following changes during August:

Balance, August 1	18 units @ $200
Received, August 2	6 units @ $210
Issued, August 8	8 units
Received, August 15	10 units @ $222
Issued, August 27	15 units

Assuming that XYZ Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the LIFO method.

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