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Calculate cost of goods sold and ending inventory

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Reference no: EM132381615

Question :

Wholesaler Entity (Wholesaler) is a supplier for many retail companies. Wholesaler uses a perpetual inventory system and the FIFO cost formula. The table below represents all inventory-related transactions for a certain product during the month of January. Assuming Wholesaler had 300 units in beginning inventory with a total cost of $1,500. Calculate the value of ending inventory and cost of goods sold for January.

Reference no: EM132381615

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