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Novak Company's inventory records show the following data for the month of September: Units Inventory, September 1 Purchases: September 8 September 18 1 10 450

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Novak Company's inventory records show the following data for the month of September: Units Inventory, September 1 Purchases: September 8 September 18 1 10 450 280 Unit Cost $2.80 3.40 3.70 A physical inventory on September 30 shows 140 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. 518 Ending inventory Cost of goods sold s $ 16022 Flint Company's inventory records show the following data for the month of September: Unit Cost Units 9 0 $2.90 Inventory, September 1 Purchases: September 8 September 18 3.60 3.70 300 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 UFO inventory costing and a periodic inventory system. Ending inventory Cost of goods sold $ $

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