The company maintains a periodic inventory system. A physical count shows 300 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method

Periodic System- Calculating Ending Inventory and Cost of Sales using FIFO The following information is available for Water Inc. The company maintains a periodic inventory system. A physical count shows 300 units in stock on January January, using the FIFO inventory method? - Note: Round your final answers below to the nearest whole dollar. - Note: Use your rounded ending inventory answer to compute part b. cost of goods sold