Date	Description	Quantity
1/10/19	Purchased	3 Items @ $25 per item
1/18/19	Purchased	4 items @ $10 per item
2/05/19	Sold	3 items
3/10/19	Sold	3 items
4/20/19	Purchased	4 items @ $20 per item
5/13/19	Sold	4 items
7/27/19	Purchased	3 items @ $14 per item
9/22/19	Purchased	2 items @ $15 per item
11/02/19	Sold	4 items
12/8/19	Purchased	4 items @ $20 per item

a. Calculate both the ending inventory and the COGS using the LIFO method.

b. What is net income if the company has $500 of sales?