Yse the information to calculate ending inventory using LIFO for a company that uses a perpetual inventory sustem.

\begin{tabular}{lllr} Date & \multicolumn{1}{c}{ Activities } & Units Acquired at Cost & Units Sold at Retail \\ August 1 & Beginning inventory & 300 units e$10=$3,000 & \\ August 5 & Purchase & 240 units @$12=$2,880 & \\ August 10 & Sale & 270 units $13=$3,510 & 260 units sold \\ August 15 & Purchase & & 250 units sold \end{tabular} Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system