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_____________________________________________ Flint Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 143 tents. This consists of

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Flint Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 143 tents. This consists of 50tents at a cost of $207 each and 93 tents at a cost of $229 each. During Apri, the company had the following purchases and sales of tents: Purchases Sales Units Unit Cost Units Unit Price $431 Date 73 Apr. 3 10 17 190 $274 251 431 305 287 30 193 431 Determine the cost of goods sold and the cost of the ending inventory using FIFO Cost of goods sold Cost of the ending inventory 4

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