The periodic inventory records of Flexon Prosthetics indicate the following for the month of December

At December 31, Flexon counts ten units of inventory on hand.

Compute ending merchandise inventory and cost of goods sold for Flexon using the FIFO inventory costing method.

Dec. 1 Beginning merchandise inventory 20 units @ $60 each

8 Purchase 20 units @ $ 50 each

15 Purchase 15 units @ $29 each

26 Purchase 15 units @ $25 each