Unit Cost or Selling Price Description Beginning Inventory Purchase Purchase Date Quantity per Unit 2997 $ 5994 $ 4995 $ 5994 $ November 1 November 9 18 November 17 21 November 22 Sale 30 Calculate the amount of (i) cost of goods sold and (ii) ending inventory using the first-in, first-out (FIFO) and weighted average cost flow assumptions, utilizing a perpetual inventory approach. FIFO: Cost of goods sold (4 points): Work: Answer: Ending inventory (4 points): Work: Answer: Veighted Average: alculate the average cost per unit (2 points): Vork: Answer: ost of goods sold (2 points): Vork: Answer: nding inventory (2 points): Work: Answer: Unit Cost or Selling Price Description Beginning Inventory Purchase Purchase Date Quantity per Unit 2997 $ 5994 $ 4995 $ 5994 $ November 1 November 9 18 November 17 21 November 22 Sale 30 Calculate the amount of (i) cost of goods sold and (ii) ending inventory using the first-in, first-out (FIFO) and weighted average cost flow assumptions, utilizing a perpetual inventory approach. FIFO: Cost of goods sold (4 points): Work: Answer: Ending inventory (4 points): Work: Answer: Veighted Average: alculate the average cost per unit (2 points): Vork: Answer: ost of goods sold (2 points): Vork: Answer: nding inventory (2 points): Work: Answer: Unit Cost or Selling Price Description Beginning Inventory Purchase Purchase Date Quantity per Unit 2997 $ 5994 $ 4995 $ 5994 $ November 1 November 9 18 November 17 21 November 22 Sale 30 Calculate the amount of (i) cost of goods sold and (ii) ending inventory using the first-in, first-out (FIFO) and weighted average cost flow assumptions, utilizing a perpetual inventory approach. FIFO: Cost of goods sold (4 points): Work: Answer: Ending inventory (4 points): Work: Answer: Veighted Average: alculate the average cost per unit (2 points): Vork: Answer: ost of goods sold (2 points): Vork: Answer: nding inventory (2 points): Work: Answer: