Question: Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2013, was $792,000 (36,000 units at $22 each). During 2013, 112,000

Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2013, was $792,000 (36,000 units at $22 each). During 2013, 112,000 units were purchased, all at the same price of $30 per unit. 116,000 units were sold during 2013. Esquire uses a periodic inventory system.

Complete the below table to calculate the December 31, 2013, ending inventory and cost of goods sold.

Esquire Inc. uses the LIFO method to value its inventory. Inventory

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