1a. Using a LIFO perpetual cost now, calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below. Nov 1 Purchased 320 units @ $40 Nov 11 Purchased 200 @ $45 Nov 12 Sold 250 units @45

Nov 22 Purchased 220 units @ $47

Nov 24 sold 170 units @$47 1a. Calculate the following: Inventory valuation at the end of November Calculate the cost of merchandise sold for November 16.

1b. If the units were sold on account for $100 each, what would the journal entry(ies) be for the November 23 sale? 1c. Assuming PERIODIC inventory, what would be the weighted average unit cost used to calculate cost of Goods Sold and/or ending inventory