Question: table [ [ Date , Activities,Units Acquired at cost , Units Sold at Retail ] , [ August 1 , Beginning inventory, 1 6

\table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[August 1,Beginning inventory,160 units e $10=$1,600,],[August 5,Purchase,100 units e $12=$1,200,],[August 10,Sale,,120 units sold],[August 15,Purchase,130 units e $13=$1,690,],[August 25,Sale,,110 units sold]]
Use the above information to calculate ending inventory using LIFO for a company that uses a perpetual inventory system.
\table[[Date,Goods purchased,Cost of Goods Sold,Inventory Balance],[\table[[Number of],[units]],\table[[Cost per],[unit]],\table[[Number],[of units],[sold]],\table[[Cost per],[unit]],\table[[Cost of Goods],[Sold]],\table[[Number of],[units]],Cost per unit,Inventory Balance],[August 1,,,,,,],[August 5],[,,,,,,,,],[\table[[Total August 5],[August 10]]],[August 10],[,,,,,,,,],[,,,,,,,,],[August 15],[Total August 15],[],[August 25],[,,,,,,,,],[Total August 25,,,,,,7,,]]
 \table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[August 1,Beginning inventory,160 units e

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