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Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Campbell Corporation. Quantity Unit Cost Total Beginning inventory 110

Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Campbell Corporation.

Quantity Unit Cost Total
Beginning inventory 110 $7.00 $770
Purchases 140 $8.00 $1,120
Goods available for sale 250
Ending inventory 80
Cost of goods sold

170

The cost of ending inventory is $__________.

The cost of goods sold is $__________.

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