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FIFO PERIDOIC INVENTORY SYSTEM 350 units at $18 each beginning purchase sale 290 units at $20 each 500 units at $55 each April 1 April

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350 units at $18 each beginning purchase sale 290 units at $20 each 500 units at $55 each April 1 April 5 April 9 April 14 April 20 April 30 purchase sale purchase 250 units at $22 each 200 units at $55 each 240 units at $25 each If the company uses the first-in, first-out (FIFO) method and the periodic inventory system, what would be the cost of goods sold and the cost of the ending inventory

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