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GB, a bookseller, had the following transactions during the month of November 2018 and uses the perpetual inventory system. Date Transaction Purchases Sales Balance Quantity
GB, a bookseller, had the following transactions during the month of November 2018 and uses the perpetual inventory system. Date Transaction Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Nov 1 0 $0 14 $36 14 $36 Nov 1 Bought 14 novels at $36 each. Nov 3 Bought 19 bags at $47 each. 14 $36 19 $47 19 $47 Nov 6 Sold 9 novels. 9 $36 5 $36 19 $47 Nov 10 Bought 18 pencil cases at $6 each. 5 $36 19 $47 18 $6 18 $6 Nov 24 Sold 14 bags. 5 $36 14 $47 5 $47 18 $6 Required The company uses the specific identification cost method for inventory valuation. Calculate the cost of goods sold, and the value of ending inventory for November Do not enter dollar signs or commas in the input boxes. Cost of Goods Sold = $ Ending Inventory = $
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