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Case D. Stewart Company reports the following inventory records for November: INVENTORY Date Activity # of Units Cost/Unit November 1 Beginning balance 125 $ 17

Case D. Stewart Company reports the following inventory records for November: INVENTORY Date Activity # of Units Cost/Unit November 1 Beginning balance 125 $ 17 November 4 Purchase 330 18 November 7 Sale (@ $52 per unit) 230 November 13 Purchase 525 20 November 22 Sale (@ $52 per unit) 530 Selling, administrative, and depreciation expenses for the month were $14,800. Stewarts tax rate is 30 percent.

1. Calculate the cost of ending inventory and the cost of goods sold under each of the following methods using periodic inventory system: (Do not round intermediate calculations.)

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