INVENTORY 62. Using a LIFO perpetual cost flow, calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below.

Nov. 1 Purchased 600 units $80 each

4 Sold 200 units

11 Purchased 350 units $82 each

12 Sold 275 units

22 Purchased 175 units $84 each

23 Sold 155 units Calculate the following:

(a) Inventory valuation at the end of November (b) Calculate the cost of merchandise sold for November