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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. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Jan 1 Jan 5 2800 $22 Jan 25 2700 $23 Feb 16 900 $24 Mar 15 1400 $26 1700 $19 2800 $22 2700 $23 900 $24 1400 $26 A physical count was taken on March 31 and showed 2,000 units on hand. Required 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. Ending Inventory = $ Cost of Goods Sold = $ Check
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