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Nelson Company had the following information for the year Unit Cost T Units 20 50 35 60 Total $240 550 Beginning Inventory s 12 Purchases:
Nelson Company had the following information for the year Unit Cost T Units 20 50 35 60 Total $240 550 Beginning Inventory s 12 Purchases: March 3 June 15 10 350 September 28 180 Cost of Goods Available for Sale $ 1,320 On December 31, Nelson Company had 145 units in its ending inventory. The company uses the periodic inventory systemt compute ending inventory and cost of goods sold Required: Using FIFO (a) Compute the cost of ending inventory (b) Compute the cost of goods sold
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