18.A company had the following purchases and sales during the month of November:

Date	Activities	Units Acquired at Cost	Units Sold at Retail
November 1	Beginning inventory	5 units @ $36 = $180
November 2	Purchase	10 units @ $38 = $380
November 6	Purchase	6 units @ $41 = $246
November 8	Sales		8 units @ $79

Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

Multiple Choice

$484

$496

$544

$488

$504

20.Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	150 units @ $10 = $1,500
May 5	Purchase	220 units @ $12 = $2,640
May 10	Sales		140 units @ $20
May 15	Purchase	100 units @ $13 = $1,300
May 24	Sales		90 units @ $21

Multiple Choice

$2,980

$2,460

$2,850

$2,590

$2,860