Hi there

Please help with the below question on priority in 1 hour. Thanks in advance.

A company provides you with the following information about their inventory purchases

and sales:

Date Units Unit Cost Total

January 1, 2004 Beginning Inventory 6 $14.00 $84.00

January 10, 2004 Purchase #1 20 $14.25 $285.00

January 20, 2004 Purchase #2 10 $14.50 $145.00

January 15, 2004 Sale #1 12 $32.00 $384.00

January 25, 2004 Sale #2 15 $32.50 $487.50

Using the FIFO method, calculate the company's cost of goods sold for January 2004 and the company's ending inventory as of Jan. 31, 2004.