Maxell Company uses the periodic FIFO method to value inventory and had the followin transactions in the period. What are the cost of goods sold and ending inventory balances in dollars for the period? 
Definitions:
Bankruptcy
A legal proceeding for liquidating or reorganizing a business. Also, the transfer of some or all of a firm’s assets to its creditors.
Debt Restrictions
Clauses or covenants in a loan agreement that limit or restrict the borrower's actions to protect the lender’s interests.
Restructuring Debt
The process of renegotiating the terms of existing loans to improve financial stability.
Composition
The makeup or structure of something, in finance it might refer to the mix of assets in a portfolio or ingredients of a financial product.
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