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  3. ti, a bookseller, had the following transactions d

TI, a bookseller, had the following transactions during the month of August 2022 and uses...

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Accounting

imageTI, a bookseller, had the following transactions during the month of August 2022 and uses the perpetual inventory system. Date Transaction Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Aug 1 0 $0 Aug 1 Bought 15 novels at $32 each. 15 $32 15 $32 Aug 3 Bought 21 bags at $47 each. 15 $32 21 $47 21 $47 Aug 8 Sold 5 bags. 15 $32 5 $47 16 $47 Aug 10 Bought 24 pencil cases at $10 each. 15 $32 16 $47 24 $10 24 $10 Aug 23 Sold 6 bags. 15 $32 6 $47 10 $47 24 $10 Aug 25 Sold 10 pencil cases 15 $32 10 $47 10 $10 14 $10

Take me to the text TI, a bookseller, had the following transactions during the month of August 2022 and uses the perpetual inventory system. Required The company uses the specific identification cost method for inventory valuation. Calculate the cost of goods sold, and the value of ending inventory for August. Do not enter dollar signs or commas in the input boxes. Cost of Goods Sold = ? Ending Inventory = \$

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