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Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Carden Corporation. Quantity. Unit Cost. Total beginning inventory 70
Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Carden Corporation.
Quantity. Unit Cost. Total
beginning inventory 70 3.00 210
purchases 130 7.00 910
Goods available for sale 200
Ending Inventory 60
Cost of goods sold 140
The cost of ending inventory is _______
The cost of goods sold is ___________
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