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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at

The inventory data for an item for November are:

Nov. 1

Inventory

20 units at $19

4

Sold

10 units

10

Purchased

30 units at $20

17

Sold

20 units

30

Purchased

10 units at $21

Using a perpetual system compute the following:

1. Ending inventory and Cost of Goods Sold using the Weighted-average cost method (rounded) is:

2. Ending inventory and Cost of Goods Sold using the FIFO method is:

3. Ending inventory and Cost of Goods Sold using the LIFO method is:

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