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[3-4] The following data were obtained from the inventory records of Herog Co. for the month of November. Herog uses the periodic system for their
[3-4] The following data were obtained from the inventory records of Herog Co. for the month of November. Herog uses the periodic system for their inventory accounting November 1 November 5 November 12 November 19 November 25 Beginning inventory Purchased Sold Purchased Sold 100 units @ $ 5 each 90 units @ $ 7 each 50 units 150 units @ $ 6 each 100 units 25 points 3. Calculate the Cost of Goods Sold of November using FIFO valuation method. Write only a single number. Do not add $ or a period or any other marks to your answer. Your answer 25 points 4. Calculate the Cost of Goods Sold of November using LIFO valuation method. Write only a single number. Do not add $ or a period or any other marks to your
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