Saxton using the lifo inventory costing method

Question

Problem: The periodic inventory records of Saxton Prosthetics indicate the following for the month of July:

Jul 1  Beginning merchandise inventory         8 units     @     $ 25 each
     8  Purchase                                          15 units     @    $  20 each
    15 Purchase                                          15 units     @     $ 32 each
    26 Purchase                                          12 units     @        35 each

At July 31, Saxton counts four units of inventory on hand.

Compute ending merchandise inventory and cost of goods sold for Saxton using the LIFO inventory costing method.