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Can you help me with this question. Carla company uses the perpetual inventory system. The following information is available for January of the current year
Can you help me with this question.
Carla company uses the perpetual inventory system. The following information is available for January of the current year when Carla sold 1600units of inventory on Jan. 14
units cost/unit total cost
Inventory Jan 1 1500 .25 $375
Purchase Jan. 13 1100 0.27 $297
2600 $672
Using the FIFO method calculate Carla's cost of goods sold for Jan and its Jan. 31 inventory
cost of goods sold _____________
Ending inventory______________
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