The following purchases and sales for Sipple Company are for November 2020. There was no inventory on November 1.

Nov. 2	Purchased 6,000 units at $32 each
Nov. 6	Sold 1,400 units at $40 each
Nov. 10	Purchased 1,700 units at $35 each
Nov. 12	Sold 1,300 units at $41 each
Nov. 22	Purchased 2,100 units at $36 each
Nov. 25	Sold 2,300 units at $42 each
Nov. 29	Purchased 2,000 at $37 each

Required:

A. Compute the ending inventory as of November 30, 2020, using the perpetual inventory procedure, under each of the following methods: (1) FIFO, (2) LIFO, and (3) Weighted Average (please carry unit costs to four decimal places, and round the total cost to the nearest dollar).

B. Repeat Part A using the periodic inventory procedure.

Starting:

		Purchased			Sold			Balance
			Unit	Total		Unit	Total		Unit	Total
	Date	Units	Cost	Cost	Units	Cost	Cost	Units	Cost	Cost
	Nov. 2