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During January 2021, Sarah Company had the following beginning inventory and purchases for a given product. of Units Date Jan. 1 20 12 21 Description

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During January 2021, Sarah Company had the following beginning inventory and purchases for a given product. of Units Date Jan. 1 20 12 21 Description Beginning Inventory Purchase Purchase Purchase TOTAL Unit cost Total cost $2 $40 3 63 4 72 5 80 18 15 29 16 75 $255 In January 65 units of the same product were sold. Required: (a) Assuming the company uses a periodic inventory system determine the following: Type value here Beginning Inventory Purchases $ Cost of Goods Available for Sale S ( W ORI (b) If the company uses the FIFO assumption determine the following Type value here! Ending Inventory COGS (c) If the company uses the AVERAGE-COST assumption determine the following Type value here! Ending Inventory COGS $ (OPTIONAL) Show your calculations in the space below NI 92F O

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