During 2015,a company sells 400 units of inventory for $85 each.The company has the following inventory purchase transactions for 2015:
Calculate ending inventory and cost of goods sold for 2015 assuming the company uses LIFO with a periodic inventory system.

Question

During 2015,a company sells 400 units of inventory for $85 each.The company has the following inventory purchase transactions for 2015:
  Calculate ending inventory and cost of goods sold for 2015 assuming the company uses LIFO with a periodic inventory system.

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The Answer of During 2015,a company sells 400 units of inventory for $85 each.The company has the following inventory purchase transactions for 2015:
  Calculate ending inventory and cost of goods sold for 2015 assuming the company uses LIFO with a periodic inventory system.

During 2015,a Company Sells 400 Units of Inventory for $85