5 01:54:30 Chicago Brewing Group's inventory of espresso machines (Model 614) during 2022 is given below....

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5 01:54:30 Chicago Brewing Group's inventory of espresso machines (Model 614) during 2022 is given below. The company uses a periodic Inventory system. Beginning Inventory, January 1, 2022 Purchases: January 18 March 31 October 20 November 11 Ending Inventory, December 31, 2022 Show your work here: Units Unit Cost 60 Answer: Ending inventory 38 43 48 28 7 $ 82 - What is the cost of the ending inventory and the cost of goods sold? Assume Chicago Brewing utilizes the FIFO method. Show all of your work in the worksheet space provided. Round your answers to 2 decimal places. 85 88 82 77 Cost of goods sold 5 01:54:30 Chicago Brewing Group's inventory of espresso machines (Model 614) during 2022 is given below. The company uses a periodic Inventory system. Beginning Inventory, January 1, 2022 Purchases: January 18 March 31 October 20 November 11 Ending Inventory, December 31, 2022 Show your work here: Units Unit Cost 60 Answer: Ending inventory 38 43 48 28 7 $ 82 - What is the cost of the ending inventory and the cost of goods sold? Assume Chicago Brewing utilizes the FIFO method. Show all of your work in the worksheet space provided. Round your answers to 2 decimal places. 85 88 82 77 Cost of goods sold

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Under the FIFO FirstIn FirstOut method the first units purchased are assumed to be the first ones so... View the full answer