Question 19. Given the information below, calculate the cost of goods sold (to the nearest penny) if the company uses the LIFO method. Show your work. Information needed for each of questions 16 through 21: there are 45 units in ending inventory. Cost per Units unit 26 I 18.51 Money value of all units combined 481.26 Beginning inventory First purchase during the year 44 18.50 814.00 Second purchase during the year 52 20.00 1,040.00 Third purchase during the year 40 21.00 840.00 Goods available for sale 162 3,175.26