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Bramble Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as...

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Accounting

Bramble Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 148 tents. This consists of 51 tents at a cost of $ 206 each and 97 tents at a cost of $ 223 each. During April, the company had the following purchases and sales of tents:

Purchases Sales
Date Units Unit Cost Units Unit Price
Apr. 3 75 $ 414
10 202 $ 271
17 249 414
24 287 290
30 198 414

(a)

Determine the cost of goods sold and the cost of the ending inventory using FIFO.

What is the cost of goods sold? $
What is the cost of the ending inventory? $

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