Calculate ending inventory and cost of goods sold
Course:- Accounting Basics
Reference No.:- EM131567752

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Problem -

During 2018, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2018:



Number of units

Unit Cost

Total Cost

Jan. 1

Beginning inventory




Sep. 8










Required - Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with a periodic inventory system.

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