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On December 1,2020, Swifty Printers had the account balances shown below. (5,7000.65) The following transactions occurred during December: Dec. 3 Purchased 7,600 units of inventory

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On December 1,2020, Swifty Printers had the account balances shown below. (5,7000.65) The following transactions occurred during December: Dec. 3 Purchased 7,600 units of inventory on account at a cost of 0.72 per unit. 5 Sold 8,360 units of inventory on account for 0.92 per unit. (It sold 5,700 of the 0.65 units and 2,660 of the 0.72 ) 7. Granted the December 5 customer 350 credit for 380 units of inventory returned costing 268. These units were returned to inventory. 17 Purchased 4,180 units of inventory for cash at E0.78 each, 22 Sold 3,800 units of inventory on account for 60.95 per unit. (it sold 3.800 of the 60.72 units) The following transactions occurred during December: Dec. 3 Purchased 7,600 units of inventory on account at a cost of 0.72 per unit. 5 Sold 8,360 units of inventory on account for 0.92 per unit. (It sold 5.700 of the 0.65 units and 2,660 of the 0.72. 7 Granted the December 5 customer 350 credit for 380 units of inventory returned costing 268. These units were returned to inventory. 17 Purchased 4,180 units of inventory for cash at 0.78 each. 22 Sold 3.800 units of inventory on account for 0.95 per unit. (It sold 3.800 of the 0.72 units.) Compute ending inventory and cost of goods sold under FIFO, assuming Swifty Printers uses the periodic inventory system. Ending Inventory E. Cost of Goods Sold

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