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During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory

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During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep. 8 Purchase Number of Units 13 16 Unit Cost $54 56 Total Cost $ 702 896 29 $1,598 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. X Answer is complete but not entirely correct. $ 496 Ending inventory Cost of goods sold $ 1,102 X

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