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(Solved): At Best of the West Steakhouse, an inventory record card for beef tenderloin shows the following de ...



At Best of the West Steakhouse, an inventory record card for beef tenderloin shows the following details in 2021. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Dec 1 47 $66 Dec 5 35 $66 12 $66 Dec 9 147 $77 12 $66 147 $77 Dec 13 12 $66 96 $77 51 $77 Dec 22 31 $80 51 $77 31 $80 Dec 26 51 $77 24 $80 7 $80 Dec 28 55 $84 7 $80 55 $84 Required The company uses the FIFO cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold for the month, and the value of ending inventory at the end of December. Do not enter dollar signs or commas in the input boxes. Cost of Goods Sold = $Answer 16341 Ending Inventory = $



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