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Compute ending inventory as of january

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Question - Inventory data for Midwest Logistics Company for January 20XX are as follows:

January 1 balance 80 units at $25

January 10 purchase 100 units at $28

January 15 sale 120 units

January 21 purchase 90 units at $32

January 28 sale 130 units

REQUIRED: Using the LIFO cost method, compute ending inventory as of January 31, 20XX and determine cost of goods sold for January. Be sure to show your calculations.

Reference no: EM132076805

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