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Question 13(6 points) Metlock uses a periodic Inventory system. In February, 500 units were sold and the following additional information is available: Date Type Units

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Question 13(6 points) Metlock uses a periodic Inventory system. In February, 500 units were sold and the following additional information is available: Date Type Units Unit Cost Total Cost Beginning Feb 1 300 $15.00 $4.500 Inventory Feb 17 Purchase 350 $17.00 $5,950 Feb 27 Purchase 200 $2100 $4200 TOTAL 850 $14,650 Required: Calculate the cost of goods sold and the ending Inventory using the first in first-out (FIFO) method. You must show all of your calculations to receive full marks Format I o Cost of Goods Sold (FIFO): Question 14 (3 points) Metlock uses a periodic inventory system. In February, 500 units were sold and the

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