During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021: Number Date Jan. 1 Beginning inventory Sep. 8 Purchase Unit of Units Cost $58 Total Cost $870 960 Transaction 15 16 60 31 $1,830 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold

During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021 Number Total Date Transaction of Units Jan. 1 Beginning inventory Cost Sep. 8 Purchase 16 960 31 $1,830 Unit 15 Cost $58 60 $ 870 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold