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  3. during 2018, a company sells 21 units of inventory

During 2018, a company sells 21 units of inventory. The company has the following inventory...

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Accounting

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During 2018, a company sells 21 units of inventory. The company has the following inventory purchase transactions for 2018: Number Date Jan. 1 Sep. 8 Unit of Units Cost Total Cost 16 57 912 59 Transaction Beginning inventory Purchase 17 1,003 $1,915 Calculate ending inventory and cost of goods sold for 2018 assuming the company uses FIFO with a periodic inventory system

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