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also can you find the gross profit of nov using (1)FIFO and (2) average cost Snow-Tech, Inc. sells an Xpert ski that is popular with

also can you find the gross profit of nov using (1)FIFO
and (2) average cost image text in transcribed
Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: Date Nov. Units 34 22 1 5 Unit Unit Sales Cost/Price Price $295 300 500 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases 12 (40 43 305 19 22 25 (47) 31 43 511 310 (a) Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow.Tech uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, eg. 5,275 and Average cost answers to 2 decimal places, eg. 15.25. Do not round intermediate calculations.) FIFO Average Cost Cost of goods sold $ Ending inventory $

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