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McQueen Corporation has the following information for its inventory for the month of November 2021. Date Price 11/1 $4.30 11/8 11/14 Description Quantity Beginning 4,000
McQueen Corporation has the following information for its inventory for the month of November 2021. Date Price 11/1 $4.30 11/8 11/14 Description Quantity Beginning 4,000 Purchase 6,000 Sold 4,000 Purchase 4,200 Sold 7,000 Purchase 3,200 $4.40 $11.00 $4.70 $11.50 11/18 11/25 11/28 $4.80 McQueen Corporation uses the perpetual inventory system. Determine Ending Inventory for November 2021 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. A Determine COGS for November 2021. A
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