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TB EX Qu. 6-207 During 2021, a company sells... During 2021, a company sells 389 units of inventory for $91 each. The company has
TB EX Qu. 6-207 During 2021, a company sells... During 2021, a company sells 389 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 61 $61 $ 3,721 May 5 Purchase 167 63 10,521 Nov. 3 Purchase 187 66 12,342 415 $26,584 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold
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