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An inventory record card for item T-389 shows the following details in 2019. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost 65 $72
An inventory record card for item T-389 shows the following details in 2019. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost 65 $72 Nov 1 Nov 3 120 $60 65 $72 120 $60 Nov 14 65 $72 20 $60 100 $60 Nov 24 41 $76 100 $60 $76 41 Nov 25 90 $60 10 $60 41 $76 Required The company uses the FIFO cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold for the month, and the value of ending inventory on November 25. Do not enter dollar signs or commas in the input boxes. Cost of Goods Sold = $ Ending Inventory = $ Check
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