Question 5 Culver Corporation uses a perpetual inventory system. On November 19, the company sold 610 units. The following additional information is available: Nov. 1 inventory Nov. 15 purchase Nov. 23 purchase Units 290 440 450 1,180 Unit Cost $13 15 Total Cost $3,770 6,600 7,650 $18,020 17 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 $ Ending Inventory Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula. Cost of Goods Sold $ Ending Inventory $