perpet sys one calculate 460851

Company uses the perpetual system for tracking inventory. The following

inventory transactions occurred during the month.

Date

Units

Unit Cost

Total

Beginning inventory

1-Jan

100

10

1,000

Purchase

5-Jan

20

11

220

Sale

7-Jan

2

Purchase

10-Jan

30

12

360

Sale

11-Jan

15

Under LIFO method of costing inventory, what was the cost of goods sold for the items sold on