BE6.8 (LO 2) AP Refer to the data in BE6.7 for Jordy & Company. Prepare journal entries to record the November 4 purchase and the November 12 sale using (a) FIFO and (b) weighted average. Assume all sales and purchases are on credit.

BE6.7 (Lo 2) AP Jordy \& Company uses a perpetual inventory system. The following information is available for November: Apply perpetual FIFO and weighted average. CHAPTER 6 Inventory Costing Calculate the cost of goods sold and ending inventory under (a) FIFO and (b) weighted average. (Round the weighted average cost per unit to two decimal places.) Joumal entries using perpetual Ind weighted average. 6intiton cost formula. BE6.8 (LO 2) AP Refer to the data in BE6.7 for Jordy \& Company. Prepare journal entries to record the November 4 purchase and the November 12 sale using (a) FIFO and (b) weighted average. Assume all sales and purchases are on credit. BE6.9 (LO 3) C For each statement that follows, identify the inventory cost formula that best fits the description, assuming a period of rising prices