A company had following transactions involving inventory during the month of November.

-Inventory on Nov. 1 is comprised of 5 units at a cost of $20 each

-Nov. 2 purchased 10 units at $22 each

-Nov.6 purchased 6 units at $25 each

-Nov. 8 sold 8 for $55 each (selling price)

The company accounts for inventory using the FIFO perpetual inventory method.

Using a T chart, document the November 1 balance and the transactions listed above