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undefined Martinez Corporation uses a perpetual inventory system. On November 19, the company sold 650 units. The following additional information is available: Nov. 1 inventory
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Martinez Corporation uses a perpetual inventory system. On November 19, the company sold 650 units. The following additional information is available: Nov. 1 inventory Nov. 15 purchase Nov. 23 purchase Units 300 450 420 1,170 Unit Cost $11 15 17 Total Cost $3,300 6,750 7,140 $17,190 Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula. (Round unit cost to 2 decimal places, e.g. 52.75 and final answers to decimal places. e.g. 5,275.) $ Cost of Goods Sold Ending Inventory $ e Textbook and Media Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula. $ Cost of Goods Sold Ending Inventory $Step by Step Solution
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