Date

August $1$

August $5$

August $10$

August $15$

August $25$

Activities

Beginning inventory

Purchase

Sale

Purchase

Sale

Units Acquired at Cost

$100$ units @ $$10=$ $$1,000$

$40$ units @ $$12=$ $$480$

$70$ units @ $$13=$ $$910$

Units Sold at Retail

$60$ units sold

$50$ units sold

Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system.

$\backslash$table$[[,$Goods purchased,Cost of Goods Sold,Inventory Balance$],[$Date$,$Number of units,Cost per unit,Number of units sold,Cost per unit,Cost of Goods Sold,Number of units,Cost per unit,Inventory Balance$],[$August $1,,,,,,,,],[$Augu$,,,,,,,,],[$Augu$,,,,,,,,],[$Total August $5,,,,,,,,],[$August $10,,,,,,,,],[,,,,,,,,],[,,,,,,,,],[,,,,,,,,],[$August $15,,,,,,,,],[$Total August $15,,,,,,,,],[$August $25,,,,,,,,],[,,,,,,,,],[$Total August $25,,,,,,,,]]$