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Ajman Co. has the following data related to an item of inventory: Inventory, May 1 6,000 units @ $4 Purchase, May 7 10,000 units @

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Ajman Co. has the following data related to an item of inventory: Inventory, May 1 6,000 units @ $4 Purchase, May 7 10,000 units @ 5 Purchase, May 16 5000 units @ 3 Inventory, May 31 9,000 units Calculate The following using FIFO method: (Table is not optional) -first Cost of goods sold -second Cost of Ending Inventory ***

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