ending inventory/cost of goods sold During 2021, a company sells 290...
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Accounting
ending inventory/cost of goods sold
During 2021, a company sells 290 units of inventory for $93 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 65 163 186 414 Unit Cost $66 67 Total Cost $ 4,290 10,921 12,834 $28,045 69 Iculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. ding inventory t of goods sold
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