During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Number of Units Unit Cost $56 Total Date Transaction Cost Jan. 1 Beginning...


During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021:<br>Number<br>of Units<br>Unit<br>Cost<br>$56<br>Total<br>Date<br>Transaction<br>Cost<br>Jan. 1 Beginning inventory<br>Sep. 8 Purchase<br>12<br>$ 672<br>928<br>16<br>58<br>28<br>$1,600<br>Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO.<br>Ending inventory<br>Cost of goods sold<br>

Extracted text: During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Number of Units Unit Cost $56 Total Date Transaction Cost Jan. 1 Beginning inventory Sep. 8 Purchase 12 $ 672 928 16 58 28 $1,600 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold

Jun 11, 2022
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