1. Using a FIFO then LIFO perpetual cost flow, calculate (a) the value of the ending inventory and (b) the cost of merchandise sold for the month of November of Beamer Company using the data below. (USE provided worksheet)

Nov. 1		Purchased	240 units		$78 each
4	Sold			180 units
11		Purchased	280 units		$80 each
12	Sold			220 units
22		Sold	90 units
23	Purchased			320 units $86 each