Calculate value of ending inventory and cost of goods sold

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Reference no: EM132842744

Problem - Bramble Company's inventory records show the following data for the month of September:

	Units	Unit Cost
Inventory, September 1	110	$2.90
Purchases: September 8	450	3.60
Purchases: September 18	290	3.80

A physical inventory on September 30 shows 145 units on hand.

Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and system.

Reference no: EM132842744

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