Wittmann Co. began operations on January 1. It uses a perpetual inventory system. During January, the company had the following transactions.

Date

Description

Quantity

Unit cost or selling price

January 1

Beginning inventory

300

$11

January 11

Sale

250

24

January 15

Purchase

800

13

January 19

Sale

500

26

January 22

Purchase

600

14

January 28

Sale

300

27

Instructions:Calculate cost of goods sold and ending inventory under LIFO method.