ABC Retailers purchased inventory as follows during August 2024 August 1 Purchased 500 units at $10 per unit August 15 Purchased 300 units at $12 per unit August 25 Sold 600 units Calculate the cost of goods sold and ending inventory using FIFO method

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ABC Retailers purchased inventory as follows during August 2024: August 1: Purchased 500 units at $10 per unit. August 15: Purchased 300 units at $12

ABC Retailers purchased inventory as follows during August 2024:

August 1: Purchased 500 units at $10 per unit.
August 15: Purchased 300 units at $12 per unit.
August 25: Sold 600 units. Calculate the cost of goods sold and ending inventory using FIFO method.

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