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During 2024, a company sells 22 units of inventory. The company has the following inventory purchase tran: Date January 1 September 8 Transaction Beginning inventory
During 2024, a company sells 22 units of inventory. The company has the following inventory purchase tran: Date January 1 September 8 Transaction Beginning inventory Purchase Ending inventory Cost of goods sold Number of Units 14 15 29 Unit Cost $58 60 Total Cost $812 900 $1,712 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses FIFO.
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