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During 2024, a company sells 378 units of inventory for $94 each. The company has the following inventory purchase transactions for 2024: Date January
During 2024, a company sells 378 units of inventory for $94 each. The company has the following inventory purchase transactions for 2024: Date January 1 May 5 Transaction Beginning inventory Number of Units Unit Cost Total Cost 65 $68 $4,420 Purchase 169 -70 11,830 November 3 Purchase 184 73 13,432 418 $29,682 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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