Inventory Costing Methods and the Perpetual Method Lambeth Company experienced the following events in February: Date Event Units Unit Cost Total Cost Feb. 1 Purchased inventory 100 @ $33 $3,300 Feb. 4 Sold inventory 50 Feb. 9 Purchased inventory 100 @ $35 $3,500 Feb. 27 Sold inventory 100 Assume the perpetual inventory system is used. Use the LIFO inventory costing method to calculate the company's cost of goods sold and ending inventory as of February 28. Total cost of goods sold $ Ending inventory $ 0 0