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Flounder Corporation uses a perpetual inventory system on November 19, the company sold 620 units. The following additional information is available: Unit Total Cost Cost
Flounder Corporation uses a perpetual inventory system on November 19, the company sold 620 units. The following additional information is available: Unit Total Cost Cost Units Nov. 1 inventory 320 $11 $3,520 6.300 Nov. 15 purchase 450 14 Nov. 23 purchase 130 18 7.740 1.200 $17560 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, eg. 52.75 and final answers to decimal places.eg. 5,275.) Cast of Goods Sold Ending Inventory $ c Textbook and Media Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula Cost of Goods Sold $ Ending Inventory $
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