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Coronado company begins with an inventory of 2 0 4 0 December 3 purchased 4 8 0 0 units of inventory on account at a

Coronado company begins with an inventory of 2040 December 3 purchased 4800 units of inventory on account at a cost of .74 per unit sold 5200 units of inventory on account for .90 per unit Coronado sold 3400 of the .60 units and 1800 of the .74 granted the December 5 customer 159 credit for 200 units of inventory returned costing 106 these units were returned to inventory 17th purchased 2300 units of inventory for cash at .80 each on the 22nd sold 202,500 units of inventory on account for .95 per unit Coronado sold 2500 of the .74 units. Compute ending inventory and cost of good sold under FIFO assuming Coronado company uses the periodic inventory system.

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