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During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning
During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep. Purchase Number of Units Unit Total 16 16 Cost $53 55 Cost $ 848 880 32 $1,728 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold
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