Unit Cost 80 90 Total Cost 9,600 34,200 Beginning inventory Purchase Sale Sale Purchase Date January 1 January 15 January 16 January 20 January 24 Units 120 380 140 100 200 110 22.000 Units Unit Cost Total Cost Cost of Goods Sold Calculations a. FIFO Date Periodic (It may not be necessary! to use all rows provided Cost of goods sold for January January 16 Sale Date Units Unit Cost Total Cost Perpetual Cost of goods sold - January 16 Sale (It may not be necessary January 20 Sale to use all rows provided Date Units Unit Cost Total Cost Cost of goods sold - January 20 Sale Total Cost of Goods Sold for January HINT: FIFO periodic and FIFO perpetual should produce the same COGS