Metlock Appliance uses a perpetual inventory system. For its flat-screen television, the January 1 inventory was 3 units at $780 each. On January 10, Metlock purchased 6 units at $840 each. The company sold 2 units on January 8 and 5 units on January 15. Calculate ending inventory and cost of goods sold under FIFO. Ending inventory Cost of goods sold $ $ FIFO

Current Attempt in Progress Metlock Appliance uses a perpetual inventory system. For its flat-screen television, the January 1 inventory was 3 units at $780 each. On January 10 , Metlock purchased 6 units at $840 each. The company sold 2 units on January 8 and 5 units on January 15. Calculate ending inventory and cost of goods sold under FIFO