Transaction Ending Inventory 1/1 Beginning Inventory 120 x $140.48 $16857.60 $16857.60 1/15 Transferred into finished goods inventory 140 x $140.48 $19667.20 $36524.80 3/15 Sold 110 x $140.48 $-15452.80 $21072 4/15 Transferred into finished goods inventory 100 x $140.48 $14048 $35120 6/15 Sold 90 x $140.48 $-12643.20 $22476.80 7/15 Transferred into finished goods 130 x $140.48 $18262.40 $40739.20 9/15 Sold 120 x $140.48 $-16857.60 $23881.60 10/15 Transferred into finished goods 140 x $140.48 $19667.20 $43548.80 12/15 Sold 110 x $140.48 $-15452.80 $28096 Ending Inventory: $28096 (200 Chairs) COGS = $60,404.00