Date Jan. 1 Feb. 4 Feb. 20 Apr. 2 Nov. 4 (a) Transaction Beginning inventory Purchase 126 Sale Purchase Sale Cost of goods sold INGRES 20 $ Price/ Quantity Cost $12 pation active s 2,000 2,960 3,290 3,860 Calculate cost of goods sold, assuming Concord uses a periodic inventory system and FIFO cost formula. 4 3,400 18 29 24 35

Calculate cost of goods sold, assuming Concord uses a periodic inventory system and FIFO cost formula. Cost of goods sold