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Using the LIFO method, calculate the cost of ending inventory and cost of goods sold for Carrington Corporation. Quantity Unit Cost Total Beginning inventory 90

Using the LIFO method, calculate the cost of ending inventory and cost of goods sold for Carrington Corporation.

Quantity Unit Cost Total
Beginning inventory 90 $4.00 $360
Purchases 210 $6.00 $1,260
Goods available for sale 300
Ending inventory 80
Cost of goods sold 220

The cost of ending inventory is $__________.

The cost of goods sold is $__________.

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