Question: Answer these items. 7 Units Unit Cost Beginning inventory 220 $43 Purchase: April 6 200 38 Sale: May 4 280 Purchase: July 19 420 37

Answer these items.

7 Units Unit Cost Beginning inventory 220 $43 Purchase: April 6 200 38 Sale: May 4 280 Purchase: July 19 420 37 Sale: September 9 320 Purchase: October 10 140 35Lee uses the perpetual inventory system and the FIFO me Required: Using FIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year

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