1. Find Cost of Goods Sold and Ending Inventory using FIFO Jan. 1 Balance: 250 units @ $6.00 3 Purchased 300 units @ $6.35 each 4 Sold 425 units for $15.00 each 6 Purchased 600 units @ $6.45 each Cost of Goods Sold 10 Sold 595 units @ $15.00 each Purchases Unit Total Quantity Cost Cost Balance 250 6.00 15000 Date Quantity Unit Cost Total Cost Quantity Inventory Unit Total Cost Cost 250 $6.00 $1,500 Jan. 1 Jan 3 Purchase 300 6.35 1905 Jan 4 Sold Jan 6 Purchase 600 6.45 3870 Jan 10 Sold Total Cost of Goods Sold: 6426 Total Ending Inventory