b. determine the ending inventory for Novak

Novakve the average cost formula in perpetualit y system. Increased competition has recently reduced the price of the product. Questions ou are provided with the following information for Novak Inc, which purchase its inventory from a supplier for cash and has only cash a Date Explanation Units Unit Cost/Price Apt. 1 Beginning i ntory SO 6 Purchase (130) 27 Purchase no try is required, s t "No Entry for the account Bikes and enter for the amour Prepare all journal arts for the month of her for Novak, the buyer. (Credit account titles are automatically indented where the amount is nerad. Do not inderat manually. Round answers to 2 decimal place,.. 1.25. Date Account Titles and Explanation Debit Credit (Toro Sales) (Tord of goods sold) (Torced the inventory sold)