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Swifty Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Unit Cost Units 350
Swifty Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Unit Cost Units 350 $11 Nov. 1 inventory Nov. 15 purchase Nov. 23 purchase Total Cost $3,850 6,160 5,760 $15,770 440 14 360 16 1,150 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 0 decimal places. e.g. 5,275.) Cost of Goods Sold $ Ending Inventory $ LINK TO TEXT LINK TO TEXT 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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