During 2021, a company sells 280 units of inventory for $86 each. The company has the following inventory purchase transactions for 2021: Date Transaction Numberof Units UnitCost Total Cost Jan. 1 Beginning inventory 68 $ 68 $ 4,624 May 5 Purchase 166 69 11,454 Nov. 3 Purchase 190 71 13,490 424 $ 29,568 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO.Ending inventory: __________Cost of goods sold: ___________

During 2021, a company sells 280 units of inventory for $86 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Unit Cost Total Cost Jan. 1...

During 2021, a company sells 280 units of inventory for $86 each. The company has the following inventory purchase transactions for 2021:

Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO.

Ending inventory: __________

Cost of goods sold: ___________

Jun 09, 2022