Question: Help Save & Exit Submit During 2021, a company sells 24 units of inventory. The company has the following inventory purchase transactions for 2021: Date
Help Save & Exit Submit During 2021, a company sells 24 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number Unit of Units Cost 17 $54 11 56 28 Total Cost $ 918 616 $1,534 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold
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