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During 2022, a company sells 290 units of inventory for $92 each. The company has the following inventory purchase transactions for 2022 Date Transaction Jan.
During 2022, a company sells 290 units of inventory for $92 each. The company has the following inventory purchase transactions for 2022 Date Transaction Jan. Beginning inventory May 5 Purchase Nov.) Purchase Number Unit of Units Cost Total Cost 63 $61 $ 3.84) 163 62 10.106 116 11,904 $25,853 412 Calculate ending inventory and cost of goods sold for 2022 assuming the company uses FIFO. Ending inventory Cost of goods sold
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