Suggested Sites Ebay HP - See What's... W HP Games Web Slice Gallery 166_1&content_id=_4307 Apple iCloud yl Yahoo Remaining Time: 13 minutes, 20 seconds. Question Completion Status: QUESTION 6 Fun Pencils maintains its mechanical pencil inventory using the perpetual inventory method. The inventory records for November Beginning inventory 40 units @ $10.10 each November 13 purchase 60 units @ $11.60 each November 26 sale 75 units @ $18 each Using the FIFO inventory-costing method, how much will Fun Pencils report as cost of goods sold for November? $810.00 O $640.00 O $775.00 $592.50 QUESTION 7 Simon Company reported $125,000 as its ending inventory and $2,050,000 as cost of goods sold for Year 2. Its LIFO reserve totaled lor amounted to $4,000,000 for Year 2