Question: Exercise 7 - Using the perpetual method, determine the cost assigned to ending inventory and cost of goods sold. Date Units Cost Total Beg. Inv.

Exercise 7 - Using the perpetual method, determine the cost assigned to ending inventory and cost of goods sold. Date Units Cost Total Beg. Inv. 1-Nov 15.00 Sale (at retail) 8-Nov 20.00 Purchase 10-Nov 25.00 Sale (at retail) 17-Nov 24.00 Purchase 24-Nov 66.50 Sale (at retail) 30-Nov 137.50 NH xxxxxx nennennen llllllllllllll nennennen NEN Weighted Ave. Cost of Goods Sold Cost of Ending Inventory 15.00 5.00 $ 10.00 Date 1-Nov 8-Nov 10-Nov 17-Nov 24-Nov 30-Nov 30.00 30.00 X Tota X minin FIFO Cost of Goods Sold Cost of Ending Inventory ON Date 1-Nov 8-Nov 10-Nov 17-Nov 24-Nov 30-Nov Total LIFO Cost of Goods Sold Cost of Ending Inventory Date 1-Nov 8-Nov 10-Nov 17-Nov 24-Nov 30-Nov Total xxxxxxx

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