During 2018, a company sells 22 units of inventory. The company has the following inventory...
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Accounting
During 2018, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2018 Number Unit of Units Cost Total Cost Date Jan. 1 Sep. 8 Transaction Beginning inventory Purchase 16 16 $55 $ 880 912 57 32 $1,792 Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with a periodic inventory system. Ending inventory Cost of goods sold
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