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Posted on Jul 27, 2024

Nov. 1: Inventory 20 units at $19 4: Sold 10 units 10: Purchased 30 units at $20 17: Sold 20 units 30: Purchased 10 units

Nov. 1: Inventory 20 units at $19

4: Sold 10 units

10: Purchased 30 units at $20

17: Sold 20 units

30: Purchased 10 units at $21

Using a perpetual system, what is the cost of goods sold and ending inventory for November if the company uses FIFO ?

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