Brief Exercise 6-7 (Part Level Submission) ordy & Company uses a perpetual inventory system. The following information is available for November: Units Purchase Price Sales Price Nov. 1 Balance 10 20 20 (10) $5.00 $5.50 $6.00 4 Purchase 7 Purchase 10 Sale $8.00 12 Salee $8.00 xYour answer is incorrect. Try again Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, e.g. 5,275.) FIFO Cost of goods sold 275 Ending inventory 56