ABC Company uses perpetual inventory system in its merchandising business. The company has the following inventory transactions in November 2020:

	Inventory and Purchases		Units Sold	Selling Price
Date	Units	Cost per unit	Units
Beginning inventory	10	$20
November 5	15	$22
November 6			20	$100
November 12	14	$25
November 15			15	$110
November 20	12	$28
November 30			10	$120

Required:

1. Using the FIFO method (without setting up a table), calculate: (a) the total units sold; (b) the total cost of goods sold; (c) the total units unsold; (d) ending inventory in $; (e) sales revenue; and (f) gross profit for November 2020. Please show your calculation process.

2. Using the weighted average method, calculate (a) the cost of goods sold (b) the ending inventory.

Please show your calculations in a table as follows:

Date	Goods Purchased	Cost of Goods Sold	Inventory Balance
Total

3. What is the gross profit for November 2020 using the weighted average method?

4. How much merchandise was purchased in November 2020?

5. How much is the merchandise available for sale in November 2020?

(Please show detailed calculations. Round to 2 decimal places for average cost per unit and round to the nearest dollar for all other answers.)