Jeff erson's Jewelry Store is computing its inventory and cost of goods sold for November 2012. At the beginning of the month, the following jewelry items were in stock (rings were purchased in the order listed):

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

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

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Quantity Cot otal Ring A Ring A Ring B. Ring B Ring B Ring C $600 4,800 650 6,500 300 500 350 2,100 450 1350 10 200 250 1,400 2,000 $19,650 Ring C Ring Type Quantity Sold Price $1,000