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During 2024, company sells 24 units of inventory. The company has the following inventory purchase transactions for 2024: Date Transaction January 1 Beginning inventory September
During 2024, company sells 24 units of inventory. The company has the following inventory purchase transactions for 2024: Date Transaction January 1 Beginning inventory September 8 Purchase Number of Units 16 Total Unit Cost Cost $56 $896 16 58 928 32 $1,824 Calculate ending inventory and cost of goods sold for 2024 assuming the company uses FIFO. Ending inventory Cost of goods sold
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