Method 4 : LIFO FACTS Description Units Price / Unit Total Price June 1 Beginning Inventory ES 10 $30 June 2 Purchase 30 $120 June 10 Purchase 95 40 $240 June 12 Sale 60 $20 $1 , 200 June 17 Purchase 70 $7 $490 June 21 Purchase 50 $10 $500 June 29 Sale 80 $22 $1 , 760 The company uses the PERIODIC method to account for inventory *Find Ending Inventory and Cost of Good Sold Under the LIFO Method* Ending Inventory* Cost of Goods Sold