Edding 15. A company sells a single product and had the following beginning inventory, purchases, and...

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Edding 15. A company sells a single product and had the following beginning inventory, purchases, and sales during March. Date Number of units Price per unit Beginning Inventory 20 8 March 6 Purchase 40 10 8 Purchase 50 9 10 Sale 45 45 13 12 12 Sale 55 35 13 30 Purchase 25 25 7 Calculate the cost of goods sold and cost of the ending inventory using FIFO method assumin that the company follows perpetual system. 10 Edding 15. A company sells a single product and had the following beginning inventory, purchases, and sales during March. Date Number of units Price per unit Beginning Inventory 20 8 March 6 Purchase 40 10 8 Purchase 50 9 10 Sale 45 45 13 12 12 Sale 55 35 13 30 Purchase 25 25 7 Calculate the cost of goods sold and cost of the ending inventory using FIFO method assumin that the company follows perpetual system. 10