Question: I got stuck with this problem, could you help me? Shown below is activity for one of the products of Kansas City Summer Gear: January

I got stuck with this problem, could you help me?

Shown below is activity for one of the products of Kansas City Summer Gear: January 1 balance, 700 units @ $55 $38, 500 Purchases : January 10: 700 units @ $60 January 20: 1, 100 units @ $62 Sales : January 12: 1, 090 units January 28: 840 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming the shop uses LIFO perpetual inventory system. Ending inventory Cost of goods sold

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