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At the beginning of its fiscal year ended September 30, 2019 (2019 FY), The Feiszli Family Corporation have zero units of inventory. During its fiscal

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At the beginning of its fiscal year ended September 30, 2019 (2019 FY), The Feiszli Family Corporation have zero units of inventory. During its fiscal years ended September 28, 2019 (2019 FY) and September 26, 2020 (2020 FY), Feiszli Family Corp. reports the following inventory-related transactions (same as Q9-Q11). Fiscal year Date Transaction description 2019 FY Oct. 11, 2018 buy 300 units @ $ 10 per unit Sep. 13, 2019 sell 100 units 2020 FY Nov. 14, 2019 buy 100 units @ $ 17 per unit Aug. 8, 2020 buy 200 units @ $ 9 per unit Sep. 24, 2020 sell 50 units For this question only, assume Feiszli Family Corp. uses a PERPETUAL inventory system with an AVERAGE-COST cost-flow assumption. Use that assumption and the inventory transaction to compute: (1) Cost of goods sold that the company recognizes on its 2020 FY income statement, and (2) Inventory balance that the company recognizes on its balance sheet dated September 26, 2020. Please provide dollar amounts in the answer boxes below. (1) Cost of goods sold2020 Fy ANSWERS (2) Inventory sep. 26, 2020

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