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An inventory record card for item F-870 shows the following details in 2016. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Apr 1
An inventory record card for item F-870 shows the following details in 2016. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Apr 1 41 $65 Apr 9 130 $65 41 $65 130 $65 Apr 17 41 $65 18 $65 112 $65 Apr 24 42 $75 112 $65 42 $75 Apr 29 100 $65 12 $65 42 $75 Required The company uses the FIFO cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold, and the value of ending inventory on April 29. Do not enter dollar signs or commas in the input boxes. Cost of Goods Sold = $ Ending Inventory = $
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