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An inventory record card for item F-350 shows the following details in 2019. Date Purchases Sales Balance Quantity Cost /Unit Quantity Cost /Unit Quantity Cost
An inventory record card for item F-350 shows the following details in 2019.
Date | Purchases | Sales | Balance | ||||
Quantity | Cost/Unit | Quantity | Cost/Unit | Quantity | Cost/Unit | ||
Jan 1 | 69 | $65 | |||||
Jan 5 | 133 | $63 | 69 | $65 | |||
133 | $63 | ||||||
Jan 18 | 69 | $65 | |||||
13 | $63 | 120 | $63 | ||||
Jan 21 | 41 | $75 | 120 | $63 | |||
41 | $75 | ||||||
Jan 26 | 110 | $63 | 10 | $63 | |||
41 | $75 |
Required
The company uses the FIFO cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold for the month, and the value of ending inventory on January 26.
Do not enter dollar signs or commas in the input boxes.
Cost of Goods Sold = $Answer
Ending Inventory = $Answer
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