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Kingbird Appliance uses a perpetual inventory system. For its flat$-$screen television, the January $1$ inventory was $6$ units at $$940$ each.

On January $10,$ Kingbird purchased $12$ units at $$1,000$ each. The company sold $5$ units on January $8$ and $11$ units on January $15.$

Calculate ending inventory and cost of goods sold under FIFO.

FIFO

Ending inventory

Cost of goods sold

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