Jefferson's Jewelry Store is computing its inventory and cost of goods sold for November 2000. At the beginning of the month, the following jewelry items were in stock (rings were purchased in the order listed below)

During the month, the following rings were purchased: four type A rings at $\$ 600$, two type $\mathrm{B}$ rings at $\$ 450$, and five type $\mathrm{C}$ rings at $\$ 300$. Also during the month, the following sales were made:

Jefferson's uses the periodic inventory method. Calculate cost of goods sold and ending inventory balances for November using FIFO and LIFO.

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Quantity Cost Total Ring A Ring A Ring B Ring B Ring B 10 Ring C Ring C 8956318 B $600 $ 4,800 650 6,500 300 1,500 350 2,100 450 1,350 7 200 1,400 B 250 2,000 $19,650