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What is the amount reported by the company

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Question - Bramble Company has the following inventory transactions for the first month of its operations:

Jan 10 Purchased 1000 units @ $50

Jan 15 Purchased 2000 units @ $55

Jan 20 Sold 1500 units for $100 per unit

Jan 25 Purchased 3000 units @ $65

Jan 31 Sold 1800 units for $100 per unit

As of and for the month end, what is the amount reported by the Company for ending inventory and cost of goods sold assuming the company uses the periodic method and FIFO cost flow method?

Reference no: EM133090982

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