Required: 1 . Using FIFO, calculate ending inventory and cost of goods sold. Date Transaction Number of
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Using FIFO, calculate ending inventory and cost of goods sold.
| Date | Transaction | Number of Units | Unit Cost | Total Cost |
| Jan. 1 | Beginning inventory | $5 | $5610 | |
| April. 9 | Purchase | 133 | $504 | $550 |
| October. 4 | Purchase | $32044 | $15480 | |
Expert Answer:
To calculate the ending inventory and cost of goods sold using the FIFO FirstInFirstOut method we n... View the full answer
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