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A company has the following purchases and sales during its first year of operationThe table shows, beginning, inventory, purchases sales Beginning inventory 8 0 units

A company has the following purchases and sales during its first year of operationThe table shows, beginning, inventory, purchases sales Beginning inventory 80 units at $30 March purchases 135 units at $32 sales 105 units April purchases 115 units at $34 sales 100 unitsAugust purchases 110 units at $40 sales 140 unitsDecember purchases 90 units at $38 sales 155 unitsOn December 31, there were 30 units remaining in ending inventory. Assume all cells are made on the last day of the month. Using the perpetual FIFO inventory costing method what is the value of cost of goods sold? Using the perpetual FIFO inventory costing method. What is the value of ending inventory?

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