Kenny Company had a beginning inventory on January 1, 2021 of 300 machines at a cost of $400 per unit. During the year, the Company's record showed the following data: Jan 1: Beginning inventory: 300 units @$400 with total cost = $120,000 Jun 3: Purchase: 200 units @$500 with total cost = $100,000 Sep 6: Sales: 350 units @$1,000 Nov 9: Purchase: 150 units@$550 with total cost = $82,500 At December 31, 2021, the fiscal year end of the Company, there were 300 units on hand. Kenny Company uses a perpetual inventory system. Under FIFO, calculate

the cost of the goods sold Answer 1 Choose...

the cost of the ending inventory Answer 2 Choose...