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TB EX Qu. 6-207 During 2021, a company sells... During 2021, a company sells 390 units of inventory for $90 each. The company has the

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TB EX Qu. 6-207 During 2021, a company sells... During 2021, a company sells 390 units of inventory for $90 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 63 163 187 413 Unit Cost $63 65 68 Total cost $ 3,969 10,595 12,716 $27,280 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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