Question: Total 4. Beginning inventory and purchases are presented below: November 1 Beginning inventory November 6 purchase November 14 purchase November 24 purchase 10 units

Total 4. Beginning inventory and purchases are presented below: November 1 Beginning inventory November 6 purchase November 14 purchase November 24 purchase 10 units at $61 40 units at $62 35 units at $65 15 units at $63 Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Goods Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average, d) Specific Identification that show cost of goods sold consists of 7 units from Nov 1 inventory, 35 units from Nov 6 inventory, 30 units from the Nov 14 and 5 units from Nov 24 inventory.

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