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Sunland Company uses a perpetual inventory system. The following information is available for November: Sales Price Nov. 1 Units 12 18 18 (12) (30) Balance
Sunland Company uses a perpetual inventory system. The following information is available for November: Sales Price Nov. 1 Units 12 18 18 (12) (30) Balance Purchase Purchase Sale Sale Purchase Price $4.00 $450 $5.00 7 10 12 $9.00 $9.00 Calculate the cost of goods sold and ending inventory under FIFO.(Round answers to decimal places, eg. 5,275.) FIFO Cost of goods sold $ Ending inventory $ Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to decimal places, e.g. 5,275.) Weighted average Cost of goods sold $ Ending inventory $
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