8. Company A buys and sells two goods, x and y. At the end of year 3, the following information is available on these two products: Quantity and value on 1/1 year 3 Purchases in March - year 3 Purchases in November - year 3 Inventory per 31/12 year 3 Net sales value per 31/12 year 3 210 (quantity) * $620/piece = $130.2k 900 (quantity) * $600/piece = $540k 600 (quantity) * $590/piece = $354k 750 (quantity) $630/piece 480(quantity) * $300/piece = $144k 300 (quantity) * $310/piece = $93k 200 (quantity) * $300/piece = $60k 440 (quantity) $390/piece Calculate the value of inventory and cost of goods sold for the both goods (grey boxes). Uuse the flow assumption first-in-first-out. Ignore obsolescence deductions. Inventory for good X per 31/12 year 3 Cost of goods sold for good Y year 3 Inventory for good Y per 31/12 year 3 Cost of goods sold for good Y year 3