Calculate LIFO, FIFO, Specific ID and weight average

1a) This Company uses the perpetual inventory method and incurred the following transactions. On a separate piece of paper (or excel sheet) calculate the total cost of good sold for November and ending inventory. Then enter the answers (rounded to the penny) in the space providced below. For the specific ID method, assume half the ending inventory is from the 11/15 purchase and the half is from 11/1 beginning inventory. Date Units $ per Unit Total Beg. Inv. 1-Nov 192 X $8.00 = $1,536.00 Purchase 5-Nov 128 x $8.80 = $1,126.40 Purchase 15-Nov 320 X $9.60 = $3,072.00 Sale 20-Nov 560 X $19.20 = $10,752.00 (at retail price) Purchase 25-Nov 240 x $11.20 = $2,688.00 Sale 28-Nov 160 X $20.00 $3,200.00 (at retail price) Specific ID FIFO LIFO Weighted Ave. Total COGS $2,304.00 $6,630.40 End Inv $6,118.40 $1, 792.00 1b) Record Nov 20 journal entry assuming LIFO and the goods were sold on account: General Journal Date Account/Explanation PR Debit Credit 11/20 (Record sale on account assuming LIFO method)