1. A record of transactions for the month of November was as follows (all dollar amounts are per unit: Purchases Sales Nov. 1 (balance) 500 @ $6.10 Nov. 3 400 @ $9.00 8 700 @ $6.60 12 400 @ 9.50 14 300 @ $6.90 18 650 @ 9.50 29 500 @ $7.55 Assuming that perpetual inventory records are kept in dollars. The dollar value of the ending inventory using FIFO is $4,120 The total cost of goods sold amount for the month using FIFO is $9,395 Extra Credit Question: Record the journal entry for the sale on 11/12 (include the expense account)