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Novak Corporation uses a perpetual inventory system. On November 19, the company sold 590 units. The following additional information is available: Units Unit Cost Total
Novak Corporation uses a perpetual inventory system. On November 19, the company sold 590 units. The following additional information is available:
Units | Unit Cost | Total Cost | |||||||
---|---|---|---|---|---|---|---|---|---|
Nov. 1 inventory | 330 | $ 13 | $ 4,290 | ||||||
Nov. 15 purchase | 470 | 16 | 7,520 | ||||||
Nov. 23 purchase | 360 | 18 | 6,480 | ||||||
1,160 | $ 18,290 |
Calculate the November 30 inventory and the November cost of goods sold, using the moving-average cost formula. (Round unit cost to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places. e.g. 5,275.)
Cost of Goods Sold | $ | enter a dollar amount rounded to 0 decimal places | |
---|---|---|---|
Ending Inventory | $ | enter a dollar amount rounded to 0 decimal places |
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