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During November 2022, Electric Bike which uses a perpetual inventory system had beginning inventory, purchases and sales as follows: Date Nov. 1 Nov. 5 Nov.
During November 2022, Electric Bike which uses a perpetual inventory system had beginning inventory, purchases and sales as follows: Date Nov. 1 Nov. 5 Nov. 10 Nov. 15 Nov. 25 Beginning inventory Purchase Sale Purchase Sale Units 89828 100 40 60 70 50 Unit Cost $10 $12 $13 Required: Using the FIFO method, determine the value and # of units of the Ending Inventory, the total Cost of Goods Sold and total # of units sold, and total Purchases/Cost of Goods Available for Sale and total # of units purchased:
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