Beginning inventory: 100 units @$2.00 = $200.00 During the month of January, the company sold 500 units.

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Beginning inventory: 100 units @$2.00 = $200.00

Purchases during the Month Jan. 15 Jan. 24 Jan. 30 200 units @ $2.10 $ 420.00 300 units @ $2.20 = 660.00 100

During the month of January, the company sold 500 units.

Compute the cost of goods sold and ending inventory.

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