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TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 270 units of inventory for $89 each. The company has the
TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 270 units of inventory for $89 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 63 160 188 411 Unit Cost $69 79 72 Total Cost $ 4,347 11,200 13,536 $29,083 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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