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15 TB EX Qu. 6-207 During 2021, a company sells... 0.5 points During 2021, a company sells 367 units of inventory for $93 each.
15 TB EX Qu. 6-207 During 2021, a company sells... 0.5 points During 2021, a company sells 367 units of inventory for $93 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Jan. 1 Beginning inventory 69 eBook May 5 Purchase 165 Unit Cost $66 68 Total Cost $ 4,554 11,220 Nov. 3 Purchase 187 71 13,277 421 $29,051 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory $ 3,564 Cost of goods sold Check my work
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