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Knowledge Check Given the following information, compute the cost of ending inventory and cost of goods sold under the LIFO method. Oriole Appliances Washer Hoses Date Jan. 1 Mar. 22 Jul. 3 Oct. 31 Date Jan. 1 Mar. 22 Explanation Beginning Inventory Purchase Purchase Purchase Total units available for sale Units in ending inventory Units sold Units step 2 Cost of Goods Sold Units 36 88 176 52 352 (80) 272 Unit Cost 8 9 10 12 Total Cost 288 792 1,760 624 Step I Ending Inventory U nit Cost Cost of goods available for sale Less: Ending inventory Cost of goods sold Save for Later Total Cost Attempts: O of 3 used Submit Answer