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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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