Part A: H&M uses perpetual inventory system in its merchandising business. The company has the following inventory transactions in the month of November 2019. Sold Unit Inventory and Purchased Unit Cost per unit 10 $20 15 $22 20 Date Opening inventory November 5 November 6 November 12 November 15 November 20 November 30 14 $25 15 12 $26 10 Total 41 45 Required: Calculate the amount (1) Cost of goods sold for each of the above sales; (11) Ending inventory after each of the above sales. (Hint: A table format can be used to show the calculations.) 1. Using FIFO method 2. Using Weighted Average method) (Show detailed calculation and round to 2 decimal places for average cost) (14 marks) Part B: Briefly explain Net Realizable Value (NRV) and state the situation where the NRV will be used to value inventory. (4 marks)