Question: Assignment 4 (Due: Sunday, 9/29, 11:00 PM CST) 1. Wards' inventories are determined using FIFO (periodic). Wards provided the following information for the first quarter

Assignment 4 (Due: Sunday, 9/29, 11:00 PM CST) 1. Wards' inventories are determined using FIFO (periodic). Wards provided the following information for the first quarter of 2019: Beginning inventory, January 1, 2019 (1) Purchase (2) Purchase (3) Purchase Ending inventory, March 31, 2019 60 units @ $63.00 40 units @ $56.25 95 units @ $66.00 30 units @ $64.50 45 nits 1) Compute the company's cost of goods sold for the first quarter. 2) Compute the ending inventory to be reported on Wards' balance sheet at March 31, 2019

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