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Assume that Oriole Company has the following transactions in its first month of operations. table [ [ Date , Purchases,Sold,Balance ] , [ Feb

Assume that Oriole Company has the following transactions in its first month of operations.
\table[[Date,Purchases,Sold,Balance],[Feb.1,2,100@$4.00,,2,100 units],[Feb.10,6,300@$4.40,,8,400 units],[Feb.21,,3,800 units,4,600 units],[Feb.28,3,000@$4.75,,7,600 units]]
(a)
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Compute cost of goods sold and ending inventory at February 28, assuming Oriole uses a perpetual inventory system and the FIFO cost flow assumption. (Round answers to 0 decimal places, e.g.1,245.)
FIFO
Cost of goods sold
Ending inventory
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