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Question 5 Marigold Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Unit Total
Question 5 Marigold Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Unit Total Units Cost Cost Nov. 1 inventory 280 $13 $3,640 Nov. 15 purchase 470 16 7,520 Nov. 23 purchase 410 16 6,560 1,160 $17,720 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 o 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 $
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