Question 1

Question 2

Current Attempt in Progress You are given the following information for Sandhill Company for the month ended November 30,2024 : Sandhill Company uses a perpetual inventory system. All sales and purchases are on account. If the company changes from weighted average to FIFO and prices continue to fall, would you expect the cost of goods sold and ending inventory amounts to be higher or lower? If prices continue to fall, the FIFO cost formula will continue to yield ending inventory and cost of ge eTextbook and Media List of Accounts If the company changes from weighted average to FIFO and prices continue to fall, would you expect the cost of goods sold and ending inventory amounts to be higher or lower? II continue to yield cost of goods sold than the weighted average cost formula. eTextbook and Media List of Accounts Attempts: 0 of 1 used Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 5,275.)