Grouper Company's inventory records show the following data for the month of September: Inventory, September 1 Purchases: September 8 September 18 Ending inventory Cost of goods sold Units $ 90 460 300 Unit Cost $3.20 A physical inventory on September 30 shows 150 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system. 3.60 3.70 555 3054

Grouper Company's inventory records show the following data for the month of September: Aphysical inventory on September 30 shows 150 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodicimentory system. Ending inventory Cost of goods sold s