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During 2018, a company sells 23 units of inventory. The company has the following inventory purchase transactions for 2018 Date transaction Number of units unit

During 2018, a company sells 23 units of inventory. The company has the following inventory purchase transactions for 2018

Date transaction Number of units unit cost total cost

Jan 1 begenning inventory 14 51 714

Sep 8 purchase 15 53 795

total 29 tatal 1509

Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with a periodic inventory system

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