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The periodic inventory records of Cambridge Prosthetics indicate the following for the month of December (Click the icon to view the inventory records.) At December

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The periodic inventory records of Cambridge Prosthetics indicate the following for the month of December (Click the icon to view the inventory records.) At December 31, Cambridge counts seven units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Cambridge using the FIFO inventory costing method. FIFO Cost Ending Merchandise Inventory Cost of Goods Sold * Data Table - Dec. 1 Beginning merchandise inventory Dec. 8 Purchase Dec. 15 Purchase Dec, 26 Purchase 10 units @ $40 each 12 units @ $45 each 15 units @ $45 each 10 units @ $50 each Print Done Enter any nun

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