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McQueen Corporation has the following information for its inventory for the month of November, 2020. Date Description Quantity Price 11/1 Beginning 2,000 $4.30 11/8 Purchase

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McQueen Corporation has the following information for its inventory for the month of November, 2020. Date Description Quantity Price 11/1 Beginning 2,000 $4.30 11/8 Purchase 5.000 $4.40 11/14 Sold 4.000 $11.00 11/18 Purchase 5,000 $4.70 11/25 Sold 7.000 $11.50 11/28 Purchase 3,000 $4.80 McQueen Corporation uses the perpetual inventory system. Determine COGS and Ending Inventory for November, 2020 using the average cost method (i, e moving average cost.) Round all moving average calculations to the second decimal point. Round COGS and Ending Inventory to the nearest dollar. Show all of your work. Label your final answers

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