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Using a LIFO perpetual cost flow, calculate the value of the ending inventory and the cost of goods sold for the month of November of

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Using a LIFO perpetual cost flow, calculate the value of the ending inventory and the cost of goods sold for the month of November of Beamer Company using the data below. Nov. $80 each 1 Purchased 4 Sold 11 Purchased 12 Sold 22 Purchased 23 Sold 600 units 200 units 350 units 275 units 175 units 155 units $82 each $84 each 1. Calculate the inventory valuation at the end of November 2. Calculate the cost of goods sold for November Beginning inventory, purchases and sales data for T-shirts are as follows: $10 $12 April 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 24 units @ 26 units @ 36 units 18 units 20 units $15 Assuming the business maintains a periodic inventory system, calculate the cost of goods sold and ending inventory unde the following assumptions: a. FIFO b. LIFO c. Average cost In your computations, round the average cost per unit to two decimal places and round your final answers to the nearest dollar. FIFO LIFO Average Cost Cost of goods sold Ending inventory

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