(Answered) Question - company uses a periodic inventory

Accounting

Question - Company uses A periodic inventory system.

Beginning inventory consisted of 360 units that cost $65 each.

During the month of February, the company made two purchases on February 15, they bought 540 units at $68 each and on February 25, they bought 270 units at $70 each.

Company A also sold 900 units during the month

1. Using LIFO, what is the amount of ending inventory?

2. Using LIFO, what is the amount of cost of goods sold?

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