From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory...
From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory is 54 units. (Round your answers to the nearest cent.)
| Beginning inventory and purchases |
Units | Unit cost | |||
| January 1 | 5 | $ | 3.50 | ||
| April 10 | 10 | 4.00 | |||
| May 15 | 12 | 4.50 | |||
| July 22 | 15 | 4.75 | |||
| August 19 | 18 | 5.50 | |||
| September 30 | 20 | 5.70 | |||
| November 10 | 32 | 5.90 | |||
| December 15 | 16 | 6.30 | |||
| Cost of ending inventory | $ |
| Cost of goods sold | $ |
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