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Sarasota Corporation uses a perpetual inventory system. On November 19, the company sold 610 units. The following additional information is available: Units Unit Cost
Sarasota Corporation uses a perpetual inventory system. On November 19, the company sold 610 units. The following additional information is available: Units Unit Cost Total Cost Nov. 1 inventory 330 $11 $3,630 Nov. 15 purchase 430 15 6,450 Nov. 23 purchase 390 16 6,240 1,150 $16,320 (a) 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 +A $
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