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Answer fully for thumbs up! During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021: Date
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During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep. 8 Purchase Number of Units 16 15 31 Unit Cost $53 55 Total Cost $ 848 825 $1,673 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods soldStep by Step Solution
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