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Determine the cost of goods sold for the year

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Reference no: EM132646148

Question - Griffin Company had the following information for the year ending December 31:

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Units Unit Cost Beginning inventory

Purchase: April 6

Sale: May 4

Purchase: July 19

Sale: September 9

Purchase: October 10

Griffin uses the perpetual inventory system and the FIFO method.

Required - Using FIFO

(a) Determine the cost of ending inventory.

(b) Determine the cost of goods sold for the year.

Reference no: EM132646148

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