Date	Description	Quantity	Unit Cost or Selling Price per Unit
November 1	Beginning Inventory	3000	$ 10
November 9	Purchase	6000	$ 20
November 17	Purchase	5000	$ 26
November 22	Sale	6000	$ 30

Calculate the amount of (i) cost of goods sold and (ii) ending inventory using the FIFO and weighted average cost flow assumptions, utilizing a perpetual inventory approach.

FIFO:

Cost of goods sold:

Work:

Answer

Ending inventory:

Work:

Answer:

Weighted average

Calculate the average cost per unit:

Work:

Answer:

Cost of goods sold:

Work:

Answer:

Ending Inventory:

Work:

Answer: