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Assume the following data for Smooth Sailing Co. for November 2010: Beginning inventory Nov. 1 8 units at $40 each Sale Nov. 3 5 units

Assume the following data for Smooth Sailing Co. for November 2010: Beginning inventory Nov. 1 8 units at $40 each Sale Nov. 3 5 units at $130 each Nov. 6 purchase 12 units at $44 each Sale Nov. 8 7 units at $135 each Sale Nov. 9 3 units at $135 each. Calculate ending inventory and Cost of Goods Sold for Smooth Sailing Co. assuming the moving weighted-average cost method is being used.

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