1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

e-226-ACCT201-701-1052 x C Chapter 6 Problems i 3 ! 10 points Hint References Mc Graw Hill ype here to search. 3 E Question 3- Chapter 6 Problem X Qgmail-Search X My Your question was answered-x + https://ezto.mheducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheduc Saved Required information [The following information applies to the questions displayed below.] During the year, a company has the following inventory transactions. Number Unit Date Transaction of Units. Total Cost Jan. 1 Beginning inventory Cost $20 18 $360 Mar. 4 Purchase 23 19. 437 Jun. 9 Purchase 28 18 504 Nov.11 Purchase 28 16 448 97 $1,749 A For the entire year, the company sells 71 units of inventory for $28 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost per unit Beginning Inventory Purchases Mar 04 ) C DDI O N D (?) 4 94F B me-226-ACCT201-701-1052 X Chapter 6 Problems i 3 0 oints Hint References Mc Graw Hill De here to search # X M Your question was answered-mx + con-con&external_browser=0&daunchUrl=https%253A%252F%252Fnewconnect.mheduc... https://ezto.mheducation.com/ext/map/index.html? Saved Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per #of units Cost per Cost of Goods Available for Sale unit unit Beginning Inventory Purchases Mar 04 Jun 09 Nov 11 My ) C DDI O D - ? 5 = 94F C