Question: Using the following data to complete the table, calculate the cost of goods sold and ending inventory using the last in, first out method. XYZ

Using the following data to complete the table, calculate the cost of goods sold and ending inventory using the last in, first out method. XYZ Corporation had a beginning inventory of 50 widgets at $7 per unit. The company purchased the following additional widgets and added to its inventory: Number Purchased Purchase price Purchase date Total 25 widgets $10/unit April 15th 50 widgets $15/unit May 5th 75 widgets $12/unit June 21st Number of widgets Purchase price Purchase date Total If the company sold 200 widgets, calculate the cost of goods sold and ending inventory

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