Coulter Company uses the LIFO inventory method under the periodic inventory system. The following data were available for the month of January, 2016: 
Required:
Compute the following:
1. Beginning inventory
2. Ending inventory
3. Cost of goods available for sale
4. Cost of goods sold
5. Gross profit
Definitions:
Perceptual Constancy
The brain's ability to perceive objects as unchanging despite changes in sensory input, such as changes in illumination, angle of viewing, or distance.
Proximal Stimuli
The stimuli that interact with sensory receptors, directly influencing perception.
Distal Stimuli
Objects or events in the external world that provide information to the sensory organs, leading to perception.
Neural Synchrony
The simultaneous firing of neurons in different parts of the brain, which is believed to be crucial for various cognitive functions, including attention and perception.
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