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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 inventory

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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 inventory Sep. 8 Purchase Number of Units 14 16 30 Unit Cost $50 52 Total Cost $ 700 832 $1,532 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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