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 $22

Using a perpetual system, what is the cost of the goods sold for November if the company uses the weighted average cost method?

a.$590

b.$575

c.$610

d.$585

Based upon the following data, estimate the cost of ending inventory using the gross profit method.

Sales	$889,000
Estimated gross profit rate	43%
Beginning inventory	$63,900
Purchases (net)	670,900
Merchandise available for sale	$734,800

$__________