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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

eTextbook and Media

Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula.

Cost of Goods Sold

$ enter a dollar amount

Ending Inventory

$ enter a dollar amount

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