eBook Show Me How Alternative Inventory Methods Nevens Company uses a periodic Inventory system. During November, the following transactions occurred; Date Transaction Units Cost/Unit November 1 Balance 500 $3.50 8 Sale 350 13 Purchase 300 4.00 21 Purchase 200 5.00 26 Sale 150 Required: 1. Compute the cost of goods sold for November and the inventory at the end of November for each of the following cost flow assumptions. If required, round your answers to the nearest dollar. 3. FIFO Cost of Goods Sold S Ending Inventory b. UFO Cost of Goods Sold Ending Inventory Average cost (In your computations, round per unit costs to the nearest cont.) Cost of Goods Sold C Hinding Inventory Check My Work