Question: Can you please help me with this question Jessi uses the periodic system of calculating inventory. The following information is available for December of the

Can you please help me with this question Jessi uses the periodic system of calculating inventory. The following information is available for December of the current year when Jessi sold 500 units of inventory. Thanks

units cost/unit total cost

Inventory Dec. 1 300 250 $75000

Purchases Dec 8 600 275 $165000

________________________

900 $240000

Use the FIFO method, calculate Jessi's inventory on Dec. 31 and its cost of goods sold for Dec.

Ending inventory ______________

Cost of goods sold _______________

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