Beginning inventory, purchases, and sales data for ABC Inc. are as follows:

	April. 3	Inventory	13 units at $15
	11	Purchase	14 units at $17
	14	Sale	19 units
	21	Purchase	10 units at $20
	25	Sale	11 units

Assuming ABC Inc. maintains a perpetual inventory system, calculate the cost of merchandise sold and ending inventory under First-in, first-out (FIFO) cost flow assumption. [hint: you can copy-paste the following table into your answer space to work out the possible solution :

	Purchases			Cost of Merchandise Sold			Inventory
Date	Qty.	Unit Cost	Total Cost	Qty.	Unit Cost	Total Cost	Qty.	Unit Cost	Total Cost
April. 3
11
14
21
25
Balances