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During 2018, a company sells 300 units of inventory for $90 each. The company has the following inventory purchase transactions for 2018: Number of Unit

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During 2018, a company sells 300 units of inventory for $90 each. The company has the following inventory purchase transactions for 2018: Number of Unit Cost 62 Transaction Beginning inventory Purchase Purchase Date Jan. 1 Units Total Cost $ 3,782 61 May 5 Nov. 3 163 63 10,269 12,090 186 65 $ 26,141 410 Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with periodic inventory system. Ending inventory Cost of goods sold

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