chapter fifo method and

Ch. 6) Saved Car Armour sells car wash cleaners, Car Armour uses a perpetual inventory system and made purchases and sales of a particu product in 2020 as follows: Jan. 1 Beginning inventory 130 units @$ 6. 70 = $ 871.60 Jan. 10 Sold 60 units @$15. 20 912.06 Har . 7 Purchased 270 units (1 6.90 1,620.00 Mar. 15 5old 120 units @$15, 20 1,82100 July 28 Purchased 520 units ($ 5:00 3,016.061 Oct. 3 purchased 470 units @$ 5.70 - 2. 670.00 oct. 5 Sold 610 units $15 20 2 0, 272 50 Assume that Car Armour specifically sold the following udlis Jan. 10: 60 units from beginning inventory Mar. 15: 30 units from beginning inventory, and 80 units from the March 7 purchase oct. 5: 155 units from the July 20 purchass, and 435 units from the October 3 purchase Calculate cost to be assigned to ending inventory and cast of gnods sold, (Round your final answers to 2 decimal places.) Ending Inventory Cost of goods sold