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During 2021, a company sells 250 units of inventory for $87 each. The company has the following inventory purchase transactions - 2021: Data Transaction Jan.
During 2021, a company sells 250 units of inventory for $87 each. The company has the following inventory purchase transactions - 2021: Data Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 66 160 186 412 Unit Cost $67 68 70 Total Cost $ 4,422 10,830 13,020 $28,322 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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