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What is its cost of goods sold and ending inventory

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Question - Shanda Lear's Lighting Company uses the periodic inventory system. During the month of July, it represents the following information:

JULY 1 (beginning inventory): 30 lights at $18 per light.

JULY 9 (purchase): 92 lights at $20 per light.

JULY 16 (purchase): 56 lights at $22 per light.

JULY 28 (purchase): 47 lights at $25 per light.

On July 31, a physical count reveals there are 60 lights in its inventory.

IF Shanda Lear's Lighting Company used LIFO for inventory costing, what is its cost of goods sold and ending inventory for the month of July?

Reference no: EM132240384

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