The periodic inventory records of Miami Prosthetics indicate the following for the month of December: $($Click the icon to view the inventory records.$)$

At December $31,$ Miami counts five units of inventory on hand.

Compute ending merchandise inventory and cost of goods sold for Miami using the LIFO inventory costing method.

LIFO Cost

Ending Merchandise Inventory

Cost of Goods Sold

Data table

Dec. $1$ Beginning merchandise inventory

$8$ units @ $$45$ each

Dec. $8$ Purchase

$10$ units @ $$54$ each

Dec. $15$ Purchase

$13$ units @ $$55$ each

Dec. $26$ Purchase

$15$ units @ $$61$ each

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