Cost of goods sold for the year Cost of ending inventory Transcribed Image Text: Anderson Company had the following information for the year ending December 31: Units Unit Cost Beginning

Cost of goods sold for the year Cost of ending inventory Transcribed Image Text: Anderson Company had the following information for the year ending December 31:
Units
Unit Cost
Beginning inventory
250
$45
Purchase:
April 6
370
44
Sale:
May 4
600
Purchase:
July 19
530
43
Sale:
September 9
340
Purchase:
October 10
180
39
Anderson uses the perpetual inventory system and the LIFO method.
Required:
Using LIFO
(a) Compute the cost of ending inventory.
(b) Compute the cost of goods sold for the year.
Cost of ending inventory
Cost of goods sold
?

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