Question 18 A company provided the following data regarding beginning inventory and various purchases. During the year, the company sold 800 units. Therefore, 200 units remained in inventory at year-end. January 1 March 15 June 30 Purchase September 1 Purchase Beginning inventory Purchase B Annual Totals What is the company's ending inventory and cost of goods sold if it uses FIFO? Ending inventory = $9,400 | Cost of goods sold = $2,600 Ending inventory = $2,600 | Cost of goods sold = $9,400 Ending inventory = $2,100 | Cost of goods sold = $9,900 # of Units Cost per Unit Total Cost 100 $10 200 $11 300 $12 400 $13 1,000 Ending inventory = $9,900 | Cost of goods sold = $2,100 0.35 Points $1,000 $2,200 $3,600 $5,200 $12,000

A company provided the following data regarding beginning inventory and various purchases. During the year, the company sold 800 units. Therefore, 200 units remained in inventory at year-end. What is the company's ending inventory and cost of goods sold if it uses FIFO? Ending inventory =$9,400 Cost of goods sold =$2,600 Ending inventory =$2,600 Cost of goods sold =$9,400 Ending inventory =$2,100 Cost of goods sold =$9,900