Question: n #3 - Problems Chapters 5-6 Fall, 2021 1 Saved During 2021, a company sells 180 units of inventory for $50 each. The company has

n #3 - Problems Chapters 5-6 Fall, 2021 1 Saved
n #3 - Problems Chapters 5-6 Fall, 2021 1 Saved During 2021, a company sells 180 units of inventory for $50 each. The company has the following inventory purchase transactions for 2021: Number Unit Total Date Transaction of Units Cost Cost Jan. 1 Beginning inventory 53 $43 $2, 279 May 5 Purchase 102 42 4, 284 Nov. 3 Purchase 72 41 2,952 227 $9, 515 Actual sales by the company include its entire beginning inventory, 82 units of inventory from the May 5 purchase, and 45 units from the November 3 purchase. Calculate cost of goods sold and ending inventory for 2021 assuming the company uses specific identification. Cost of goods sold Ending inventory

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