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During 2024, a company sells 373 units of inventory for $92 each. The company has the following inventory purchase transactions for 2024: Number of
During 2024, a company sells 373 units of inventory for $92 each. The company has the following inventory purchase transactions for 2024: Number of Unit Date January 1 May 5 Transaction Units Cost Total Cost Beginning inventory 64 $70 $4,480 Purchase 167 72 12,024 November 3 Purchase 181 75 13,575 412 $30,079 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses LIFO. Ending inventory Cost of goods sold
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