Thomas & Company uses a perpetual inventory system. The following information is available for November: Purchase Sales Units Price Price Nov. 1 Inventory 30 $5.00 4 Purchase 60 $5.50 7 Purchase 60 $6.00 10 Sale (30) $8.00 12 Sale (70) $8.00 * Your answer is incorrect. Calculate the cost of goods sold and ending inventory under FIFO. Ending inventory Cost of goods sold EA +A $ FIFO