Question: 1.KelCo uses FIFO under the periodic method. Its inventory records are: UnitsCost Beginning inventory120$10 2/1 Purchase300$12 5/2 Purchase100$10 8/2 Purchase300$14 11/20 Purchase250$15 At year-end 20X9,

1.KelCo uses FIFO under the periodic method. Its inventory records are:

UnitsCost

Beginning inventory120$10

2/1 Purchase300$12

5/2 Purchase100$10

8/2 Purchase300$14

11/20 Purchase250$15

At year-end 20X9, a physical count of inventory shows 450 units on hand.

  1. What is KelCo's goods available for sale:

1.in units?

2.in dollars?

  1. What is KelCo's:

1.ending inventory?

2.cost of goods sold?

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