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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 2023, the following information was available from the company's inventory records for ankle support products. Purchases Sales Balance Date Jan 1 Jan 5 Jan 25 Feb 16 Mar 15 Quantity Cost Quantity Cost Quantity Cost 1900 $20 2900 $22 2100 $23 1000 $26 1600 $27 Required 2900 2100 1000 1600 A physical count was taken on March 31 and showed 1,800 units on hand. $22 $23 $26 $27 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 = $
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