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) (30) $5.00 $5.50 $6.00 4 Purchase 7 Purchase 10 Salee 12 Sale $8.00 $8.00 (a) Your answer is correct. 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 220 Ending inventory 60 (b) Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275 Weighted average Cost of goods sold Ending inventory