Pharoah Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 300 $3.00 Purchases: September 8 675 4.00 September 181 525 5.00 A physical inventory on September 30 shows 450 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system. Ending inventory $ Cost of goods sold $ Save for Later: Attempts: 0 of 1 used Submit Answer
