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Take me to the text LifePros sells medical support products and records purchases and net amounts. It accounts for its inventory using the periodic inventory
Take me to the text LifePros sells medical support products and records purchases and net amounts. It accounts for its inventory using the periodic inventory system. In 2018, the following information was available from the company's inventory records for ankle support products. Purchases 4 Date Jan 1 Jan 5 Jan 25 Feb 16 Mar 15 Quantity Cost Quantity Cost Required 2700 B000 1000 1800 $20 $21 $22 $23 Ending Inventory = $2 Sales Check Cost of Goods Sold = $ Balance Quantity A physical count was taken on March 31 and showed 2,400 units on hand. 1900 2700 3000 1000 1800 Cost Do not enter dollar signs or commas in the input boxes. Assume the company uses the FIFO cost method. Calculate the cost of goods sold, and the value of ending inventory on March 31. $17 $20 $21 $22 $23
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