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TB EX Qu. 6-207 During 2021, a company sells... During 2021, a company sells 369 units of inventory for $92 each. The company has the
TB EX Qu. 6-207 During 2021, a company sells... During 2021, a company sells 369 units of inventory for $92 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 65 161 183 409 Unit Cost $64 66 69 Total Cost $ 4,160 10,626 12,627 $27,413 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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