The following information for Urbanski Corporation relates to the three months ending June 30, 2013: 
Urbanski uses the LIFO method to account for inventory, and expects at least 15,000 units to be on hand in the ending inventory at year-end. Purchases made in the last six months are expected to cost an average of $18 per unit.
Prepare the journal entries to reflect the sales and cost of goods sold, assuming Urbanski expects to maintain 11,000 units in inventory at year-end.
Definitions:
Dining in Groups
The social activity of eating meals together with a number of people, which can influence food choices and consumption behaviors.
Conformity
The act of matching attitudes, beliefs, and behaviors to group norms or societal standards.
Obedience to Authority
The act of following orders or directions from someone in a position of power, even if one might personally disagree with the actions.
Milgram's Study
A psychological experiment conducted by Stanley Milgram, which aimed to understand obedience to authority figures.
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