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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