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Question 5 of 7 > LUITCIL MELCHPUTRIV5'S Oriole Company uses a perpetual inventory system. The following information is available for November: Units Sales Price Purchase
Question 5 of 7 > LUITCIL MELCHPUTRIV5'S Oriole Company uses a perpetual inventory system. The following information is available for November: Units Sales Price Purchase Price $5.00 Nov. 1 Balance 8 4 20 $5.50 Purchase Purchase 7 22 $6.00 10 Sale (8) (30) 12 Sale $9.00 $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to O decimal places, e.g. 5,275.) FIFO Costof goods sold $ 158 Ending inventory $ 54
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