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BMK Bike purchased 12 bikes during November and sold 9 bikes, details of which are as follows: 1 November 2016: Purchased 7 bikes @ $55

BMK Bike purchased 12 bikes during November and sold 9 bikes, details of which are as follows:

1 November 2016: Purchased 7 bikes @ $55 each

6 November 2016: Sold 2 bikes

10 November 2016: Sold 1 bike

13 November 2016: Sold 3 bikes

16 November 2016: Purchased 5 bikes @ 65 each

28 November 2016: Sold 3 bikes

Calculate the following values

  1. Total Revenue in November if the bike is sold at $80 per bike
  2. The Cost of Goods Sold (COGS) based on Average Costing Method
  3. The end inventory value based on First-In-First-Out method;

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