Question: During 2 0 2 4 , a company sells 2 3 units of inventory. The company has the following inventory purchase transaction for 2 0

During 2024, a company sells 23 units of inventory. The company has the following inventory purchase transaction for 2024. January 1- Beginning inventory- No: of units 12, Unit cost - $52, Total cost-624, September 8- Purchase- No of units: 16, Unit cost- $54, Total Cost- $864. Calculate ending inventory and cost of goods sold for 2024 assuming the company uses FIFO.

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