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14 0.5 points TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 310 units of inventory for $87 each.
14 0.5 points TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 310 units of inventory for $87 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Unit Jan. 1 Beginning inventory 63 eBook May 5 Purchase 163 Cost $63 64 Total Cost $ 3,969 10,432 Nov. 3 Purchase 185 66 12,210 411 $26,611 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold Check my work
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