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During 2018, a company sells 350 units of inventory for $90 each. The company has the following inventory purchase transactions for 2018 Number of Units

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During 2018, a company sells 350 units of inventory for $90 each. The company has the following inventory purchase transactions for 2018 Number of Units Date Transaction Beginning Unit Cost $ 61 62 Jan. 1 inventory 70 Total Cost $ 4270 10,230 12,032 May 5 Purchase Nov. 3 Purchase 165 188 64 423 $26,532 Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with a periodic inventory system. Ending inventory Cost of goods sold

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