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Williams Company had the following balances and transactions during 2019. Date Transaction Units Cost / Unit TOTAL August 1 Beginning Inventory 80 $5,000 $ 400.000
Williams Company had the following balances and transactions during 2019. Date Transaction Units Cost / Unit TOTAL August 1 Beginning Inventory 80 $5,000 $ 400.000 8 Purchase 100 @ $5,500 $ 550,000 22 Purchase 70 @ $6,000 $ 420,000 Goods Available for Sale 250 August 15 Sale 90 @ $10,000 $900,000 28 Sale 50 @ $9,000 $450,000 31 Ending Inventory 110 Assuming that the inventory consists of 50 units from the August 8 purchase and 60 units from the August 22 purchase, what is the cost of ending inventory and cost of goods sold, respectively? Group of answer choices O a. Cost of Ending Inventory, $1,350,000; Cost of Goods Sold, $20,000. ob. Cost of Ending Inventory, $735,000; Cost of Goods Sold, $ 635,000. O c. Cost of Ending Inventory, $740,000; Cost of Goods Sold, $630,000. O d. Cost of Ending Inventory, $635,000; Cost of Goods Sold, $735,000
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