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Question 2: Given the following information, determine the cost of goods sold and ending inventory at November 30 using FIFO, LIFO and Weighted Average methods

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Question 2: Given the following information, determine the cost of goods sold and ending inventory at November 30 using FIFO, LIFO and Weighted Average methods under perpetual inventory system. November 3: 15 units were purchased at $8 per unit. November 11: 18 units were purchased at $9.50 per unit. November 15: 15 units were sold at $45 per unit November 18: 30 units were purchased at $10.75 per unit November 30: 20 units were sold at $55 per FIEO ( EDOM IP TO nOWN)

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