for the year 4.76 points Cost Jan. 1 Beginning inventory 40 $68 2,720 May. 5 Purchase 270 71 19,170 76 16,720 38,610 Nov. 3 Purchase 220 % 530 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFo Cost of Goods Available for Sale Cost of Goods Sold Ending inventory Cost of Goods of units Cost per unid inven Goods # of units | Cost per unit # of units Cost per unit ! Purchases Nov 3 Total Next >