Short Exercise 6-9 LIFO Method; Perpetual Inventory System Assume the following data with regard to inventory for Vegan Company: Aug. 1 Inventory 40 units $10 per unit 400 8 Purchase 50 units$11 per unit 550 2 chase 35 units $12 per unit 420 $1,370 Goods available for sale 125 units 45 units 25 units 55 units Aug. 15 Sale 28 Sale Inventory, Aug. 31 Calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the perpetual inventory system. LIFO Method Cost of ending inventory: Cost of goods sold