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DePaul Corporation has the following information for its inventory for the month of November, 2020. Date Description Quantity Price 11/1 Beginning 2,000 $4.00 11/8 Purchase

DePaul Corporation has the following information for its inventory for the month of November, 2020.

Date Description Quantity Price
11/1 Beginning 2,000 $4.00
11/8 Purchase 8,000 $4.40
11/14 Sold 6,000 $11.00
11/18 Purchase 6,000 $4.80
11/25 Sold 7,000 $11.50
11/28 Purchase 4,000 $5.00
11/29 Sale 6,000 $12.00

DePaul Corporation uses the perpetual inventory system.

Determine COGS and Ending Inventory for November, 2020 using LIFO. Show all of your work. Clearly label your final answer.

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