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

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Data table

The cost of ending inventory is

$\backslash$table$[[,$Quantity,Unit Cost $.,$Total$],[$Beginning inventory,$120$$$,4\mathrm{.}00$$$,480],[$Purchases$,180$$$,7\mathrm{.}00$$$,1,260],[$Goods available for sale,$300,,],[$Ending inventory,$60,,],[$Cost of goods sold,$240,,]]$