Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? Nov. 01 Inventory 16 units at $20.00 Nov. 04 Sold 11 units Nov. 10 Purchased 35 units at $21.00 Nov. 17 Sold 16 units Nov. 30 Purchased 21 units at $24.00 Using the perpetual LIFO system, what is the cost of the merchandise sold for November? Select the correct answer $1,00800 5551.00 $55600 S656.00 The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 20 units $31 5620 June 16 Purchase 32 units $31 992 Nov. 28 Purchase 45 units $35 1,575 97 units $3,187 There are 13 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO Inventory cost systems Enter the answer as a positive number The units of Manganese Plus available for sale during the year were as follows 20 units $31 Mar. 1 June 16 Inventory Purchase 32 units $34 5620 1,085 1,620 $3,328 Nov. 28 Purchase 45 units 536 97 units There are 13 units of the product in the physical inventory at November 30. The periodic inventory system is used, Round answers to the nearest whole dollar a. Determine the inventory cost by the FIFO method b. Determine the inventory cost by the LIFO method. c. Determine the inventory cost by the average cost methods Basic inventory data for April 30 are presented below for a business that employs the lower-of-cost-or market basis of loventory valuation to each category a. Complete the table Unit Cost Unit Market Total Lower of Commodity Quantity Price Price Total Cost Total Market Cost or Market 35 $52 $55 B 20 155 150 C 25 82 85 D 40 58 55 Total b. Determine the amount of reduction in the inventory at April 30 attributable to market decline