Question: During 2024, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2024: Date January 1 September 8

During 2024, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2024: Date January 1 September 8 Transaction Beginning inventory Purchase Ending inventory Cost of goods sold Number of Units 16 13 29 Unit Cost $53 55 Total Cost $848 715 $1,563 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses LIFO.

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