Jordy & Company uses a perpetual inventory system. The following information is Allable for November:

Calculate the cost of goods sold and ending inventory under FIFO.

Jordy \& Company uses a perpetual inventory system. The following information is available for November: \begin{tabular}{rlcccc} & & Units & & Purchase Price & Sales Price \\ Nov, 1 & Inventory & 10 & & $500 & \\ 4 & Purchase & 20 & & 5.50 & \\ 7 & Purchase & 20 & & 6.00 & \\ 10 & Sale & (10) & & & \\ 12 & Sale & (30) & & & 8.00 \end{tabular}