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Take me to the text Wrapped Up sells medical support products and records purchases and net amounts. It accounts for its inventory using the periodic
Take me to the text Wrapped Up 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 1700 $17 lians 29001 $20 $20 Jan 25 2100 523 2100 $23 Feb 16 600 $24 600 $24 Mar 15 2000 $25 2000 525 2900 A physical count was taken on March 31 and showed 2,100 units on hand Required Do not enter dollar signs or commes 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 = 5 Cost of Goods Soldes
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