Bluejay Inc.s inventory records show the following data for purchases and sales of units.

Date		Units	Unit Cost
November 1	Inventory	3,300	$20.50
November 3	Purchases	30,000	20.80
November 5	Sales	15,000
November 11	Purchases	24,000	21.00
November 18	Sales	25,500
November 28	Purchases	9,000	21.50

Required Assuming that Bluejay maintains a periodic inventory system with a monthly physical count, compute ending inventory on November 30 under (1) FIFO, and (2) LIFO inventory methods. (1) FIFO (periodic inventory system).

Ending Inventory	Answer

(2) LIFO (periodic inventory system).

Ending Inventory	Answer