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The Breeze trading company discloses the following information for the month of August 2013. Aug 01Beginning inventory: 900 units @ $5 each Aug 10 Sales:

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The Breeze trading company discloses the following information for the month of August 2013. Aug 01Beginning inventory: 900 units @ $5 each Aug 10 Sales: 500 units @ $12 each Aug 11 Purchases: 2,800 units @ $6 Aug. 15 Sales: 1000 units @ 12.50 Aug 20 Purchases: 2000 units @ S6.50 Aug 27 Sales: 900 units @ $13.50 Required: Assume the Breeze trading company uses periodic inventory system, compute cost of goods sold (COGS), ending inventory. (a). FIFO

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