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During 2021, a company sells 24 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Total Date Transaction
During 2021, a company sells 24 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Total Date Transaction of Units Cost Cost Jan. 1 Beginning inventory 16 $55 $ 880 Sep. 8 Purchase 12 28 57 684 $1,564 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold
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