During 2021, a company sells 260 units of inventory for $91 each. The company has the following inventory purchase transactions 2021: Number of Units 61 161 187 Unit Date Jan. 1 Beginning inventory...

During 2021, a company sells 260 units of inventory for $91 each. The company has the following inventory purchase transactions<br>2021:<br>Number<br>of Units<br>61<br>161<br>187<br>Unit<br>Date<br>Jan. 1 Beginning inventory<br>May 5 Purchase<br>Nov. 3 Purchase<br>Transaction<br>Cost Total Cost<br>$ 3,843<br>10,304<br>12,342<br>$26,489<br>$63<br>64<br>66<br>409<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 260 units of inventory for $91 each. The company has the following inventory purchase transactions 2021: Number of Units 61 161 187 Unit Date Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Transaction Cost Total Cost $ 3,843 10,304 12,342 $26,489 $63 64 66 409 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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During 2021, a company sells 260 units of inventory for $91 each. The company has the following inventory purchase transactions 2021: Number of Units 61 161 187 Unit Date Jan. 1 Beginning inventory...

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