Question: Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Cowell Corporation. A1 Quantity Unit Cost Total 2 Beginning

Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Cowell Corporation.

A1 Quantity Unit Cost Total 2 Beginning inventory 3 Purchases 4 Goods available for sale 5 Ending inventory 6 Cost of goods sold 100 $ 5.00 500 150 $ 8.00$ 1200 250 90 160

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