Current Attempt in Progress

Tamarisk Appliance uses a perpetual inventory system. For its flat$-$screen television, the January $1$ inventory was $3$ units at $$880$ each.

On January $10,$ Tamarisk purchased $6$ units at $$940$ each. The company sold $2$ units on January $8$ and $5$ units on January $15.$

Calculate ending inventory and cost of goods sold under FIFO.

FIFO

Ending inventory

Cost of goods sold