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Given the following: Number purchasedCost per unitTotalJanuary 1 inventory30$5 $150April 150 8 400June 140 9 360November 145 10 450 165 $1,360 a.

Given the following:




per unitTotalJanuary 1 inventory30$5 $150April 150 8  400June 140 9  360November 145 10  450 165   $1,360

a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 51 units).

Cost of ending inventory           $ 

b. Calculate the cost of goods sold using the FIFO (ending inventory shows 51 units).

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