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During 2021, a company sells 270 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.
During 2021, a company sells 270 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Hay 5 Purchase Nov. 3 Purchase Number ot Units 62 160 188 Unit Cost Total Cost $64 $ 3,960 65 10.400 67 12.595 $26,964 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending Inventory Cont of goods sold
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