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Top Light Company uses a perpetual inventory system. The company began 2020 with 1,500 lamps in inventory at a cost of $15 per unit. During

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Top Light Company uses a perpetual inventory system. The company began 2020 with 1,500 lamps in inventory at a cost of $15 per unit. During 2020, Top Light had the following purchases and sales of lamps. Please help me solve this question, also i have attached the remaining question.

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DATE PURCHASE/ SOLD UNITS COST OR SELLING PRICE Feb 13 Purchased 2,100 units $18 / unit April 24 Sold 2,400 units $40 / unit June 6 Purchased 3,500 units $23/unit October 18 Sold 2,800 units $45/unit Required: 1. Use the following table to calculate the cost of goods sold and ending inventory using FIFO. Date Purchases Cost of Goods Sold Inventory Balance Total Cost/ Total Cost/ Units Cost/unit cost Units unit cost Units unit Total cost Jan. 1 beginning inventory Feb. 13 Apr. 24 Jun. 6 Oct. 18 Totals Cost of goods available for sale Cost of goods sold Ending inventory Required cont'd

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