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Simple Works had the following information related to its inventory during 2012. Beginning inventory 200...

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Accounting

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Simple Works had the following information related to its inventory during 2012. Beginning inventory 200 units @ \$35 Feb. 28 Purchase 800 units @\$37 April 29 Sale 500 units @ $60 September 18 Purchase 600 units @ $39 November 24 Sale 700 units @\$60 What is the amount of cost of goods sold and ending inventory which should be reported on the 2012 financial statements assuming Simple Works uses the periodic LIFO method

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