## Answers

Units | Value | |

Cost of Goods Available for sales | 1600 | $16,560.00 |

Cost of Goods Sold | 600 | $6,600.00 |

Ending Inventory | 1000 | $9,960.00 |

**Detail working for our Refrence**

Computation of No. and Cost of Goods available for sale | |||

Unit | Rate | Amount | |

1-Jan | 260 | $9.00 | $2,340.00 |

8-Jan | 520 | $10.00 | $5,200.00 |

29-Jan | 820 | $11.00 | $9,020.00 |

Total | 1600 | $16,560.00 |

Computation of No. of Unit Sold | |

Unit available for sale | 1600 |

Ending Inventory | 1000 |

Unit Sold | 600 |

Computation of Cost of Goods Sold & Invenry as per LIFO | |

Cost of Goods Sold | |

600 UnitX $11 | $6,600.00 |

Ending Invenry | |

220 Unit X $11 | $2,420.00 |

260 Unit X $9 | $2,340.00 |

520 Unit X $10 | $5,200.00 |

Value of Ending Inventory | $9,960.00 |

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