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Concord Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Unit Total Units
Concord Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Unit Total Units Cost Cost Nov. 1 inventory 300 $12 $3,600 Nov. 15 purchase 470 16 7,520 Nov. 23 purchase 350 18 6,300 1,120 $17,420 (a) Calculate the November 30 inventory and the November cost of goods sold, using the moving-average cost formula. (Round unit cost to 2 decimal places, e.g. 52.75 and final answers to O decimal places. e.g. 5,275.) Cost of Goods Sold $ Ending Inventory $
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