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TB EX Qu. 6-203 During 2021, a company sells... During 2021, a company sells 20 units of inventory. The company has the following inventory purchase
TB EX Qu. 6-203 During 2021, a company sells... During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number of Units 17 16 Unit Cost $59 61 Total Cost $1,003 976 $1,979 33 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold
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