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Trends by Tina sells high-end leather purses. The company has the following inventory transactions for the year. Date Transactions Units Unit Cost Total Cost January

Trends by Tina sells high-end leather purses. The company has the following inventory transactions for the year. Date Transactions Units Unit Cost Total Cost January 1 Beginning inventory 18 $320 $5,760 April 9 Purchase 12 340 4,080 October 4 Purchase 12 370 4,440 42 $14,280 January 1 to December 31 Sales 34 2. 


Using LIFO, calculate ending inventory and cost of goods sold.

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