Question: Current Attempt in Progress Novak Inc. uses a perpetual inventory system. Its records show the following for the month of May. ( a ) Calculate

Current Attempt in Progress
Novak Inc. uses a perpetual inventory system. Its records show the following for the month of May.
(a)
Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula.
Cost of goods sold $
Ending Inventory $
Current Attempt in Progress Novak Inc. uses a perpetual inventory system.

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