Question: Current Attempt in Progress Teal Mountain Appliance uses a perpetual inventory system. For its fiat-screen television, the January 1 inventory was 2 units at $900

Current Attempt in Progress Teal Mountain Appliance uses a perpetual inventory system. For its fiat-screen television, the January 1 inventory was 2 units at $900 each. On January 10, Teal Mountain purchased 4 units at $960 each. The company sold 1 units on January 8 and 3 units on January 15. Calculate ending inventory and cost of goods sold under FIFO

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