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During 2021 a company sells 350 units of inventory for $87 each. The company has the following inventory purchase transactions for 2021 ONER Transaction
During 2021 a company sells 350 units of inventory for $87 each. The company has the following inventory purchase transactions for 2021 ONER Transaction Wamber of Units Unit Cost Total Cost Jan. 1 Beginning Loventory 62 $65 $4,030 Bay 1 Purchase 169 66 11,088 B. 3 Purchase 102 60 12,376 412 $27,494 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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