Question: Esquire Incorporated uses the LIFO method to report its inventory. Inventory at the beginning of the year was units at $ 2 5 each )

Esquire Incorporated uses the LIFO method to report its inventory. Inventory at the beginning of the year was units
at $25 each). During the year, 116,000 units were purchased, all at the same price of $30 per unit. 120,000 units were sold during the
year.
Calculate ending inventory and cost of goods sold at the end of the year based on a periodic inventory system.
Esquire Incorporated uses the LIFO method to report its inventory. Inventory

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