The Riley Company reports the following for the month of November DATE EXPLANATION UNITS UNIT COST OR UNIT SELLING PRICE SIO 11/1 11/8 11/10 11/18 11/25 Inventory Purchase Sale Purchase Sale 300 300 200 50 300 SII S25 SI2 S28 The Riley Company uses a perpetual inventory system. 1) Calculate the cost of the Ending Inventory at 11/30 and the Cost of Goods Sold for the month of November under the LIFO cost flow assumption ENDING INVENTORY COST OF GOODS SOLD 2) Prepare the journal entry to record the sale on 11/25 assuming that the sale was on credit JOURNAL Post Ref. Date Description Debit Credit