Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 475 units that cost $66 each. During the month, the company made two purchases: 722 units at $69 each and 358 units at $71 each. Sheffield Corp. also sold 1205 units during the month. Using the LIFO method, what is the amount of cost of goods sold for the month?

$81720.

$83486.

$82591.

$79530.

Transactions for the month of June were:

Purchases					Sales
June 1		(balance) 3140 @	$3.30		June 2		2460 @	$5.30
3		8900 @	3.20		6		6320 @	5.30
7		4820 @	3.40		9		4040 @	5.30
15		7140 @	3.50		10		1650 @	6.00
22		2060 @	3.60		18		5600 @	6.00
					25		790 @	6.00

Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is

$18406.

$17678.

$16954.

$17154.