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Given the following Number purchased Cost per unit S 5 Total January 1 inventory April 1 June 1 November 1 53 43 48 $ 165
Given the following Number purchased Cost per unit S 5 Total January 1 inventory April 1 June 1 November 1 53 43 48 $ 165 424 387 480 10 $ 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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