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Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 33 53 43 48 177 Cost per unit $ 5 8
Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 33 53 43 48 177 Cost per unit $ 5 8 9 10 Total $ 165 424 387 480 $1,456 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 54 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIFO (ending inventory shows 54 units). Cost of goods sold
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