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:
Transsexual
A person who emotionally and psychologically feels that they belong to the opposite sex and may seek to live as a member of this sex, particularly through undergoing surgery and hormone treatment.
Long-distance Warfare
Military engagements conducted over significant distances, typically involving advanced weaponry and strategic planning.
Gender Relations
The social and cultural constructs of roles, behaviors, activities, and attributes that a society considers appropriate for men and women.
Homosexuality
A romantic attraction, sexual attraction, or sexual behavior between members of the same sex or gender.
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