Question: How do you solve this? eBook Short Exercise 6-8 FIFO Method: Perpetual Inventory System Assume the following data with regard to inventory for Vegan Company:

How do you solve this?  How do you solve this? eBook Short Exercise 6-8 FIFO Method:

eBook Short Exercise 6-8 FIFO Method: Perpetual Inventory System Assume the following data with regard to inventory for Vegan Company: Aug. 1 Inventory 40 units $10 per unit 400 550 22 Purchase 35 units $12 per unit 420 $1,370 8 Purchase s0 units @ $11 per unit Goods available for sale 125 units 45 units 25 units 55 units Aug. 15Sale 28 Sale Inventory, Aug. 31 Calculate the cost of ending inventory and cost of goods sold according to the FIFO method under the perpetual inventory system. FIFO Method Cost of ending inventory Cost of goods sold

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