Ashton Ltd. use a perpetual inventory system. On November 19, the company sold 600 units. The following additional purchase information is available.

  

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Unit Total Units Cost Cost Nov. 1 inventory 250 $12 $3,000 Nov. 15 purchase Nov. 23 purchase 350 1,000 400 14 5,600 15 5,250 $13,850 Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula. (Round unit cost to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places. e.g. 5,275.) Cost of Goods Sold s Ending Inventory s Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula. Cost of Goods Sold s Ending Inventory Unit Total Units Cost Cost Nov. 1 inventory 250 $12 $3,000 Nov. 15 purchase Nov. 23 purchase 350 1,000 400 14 5,600 15 5,250 $13,850 Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula. (Round unit cost to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places. e.g. 5,275.) Cost of Goods Sold s Ending Inventory s Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula. Cost of Goods Sold s Ending Inventory

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Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per Cost per Cos... View the full answer