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URGENT!!!!! Really need your help. PLAESEEEEEE!!!!! The company its mechanical pencil inventory using the perpetual inventory method. The inventory records for November follow (For Parts

URGENT!!!!! Really need your help. PLAESEEEEEE!!!!!

The company its mechanical pencil inventory using the perpetual inventory method. The inventory records for November follow (For Parts A and B):

Beginning inventory

40 units @ $5.10 each

November 13 purchase

60 units @ $5.60 each

November 26 sale

75 units @ $9 each

Required:

  1. Using the FIFO inventory costing method, how much will the company have the cost of goods sold and ending inventory for the month of November?
  2. Using the LIFO inventory costing method, how much will the company report as cost of goods sold and ending inventory on November 30?
  3. Assume that the following information is available for January of the following year for the company (For Part C).

Beginning inventory

10 units @ $6.70 each

January 12 purchase

30 units @ $7.10 each

January 20 sale

33 units @ $12 each

January 25 purchase

12 units @ $ 7.60 each

Using the moving weighted-average perpetual method, determine the January 31 inventory and cost of goods sold.

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