Calculate the november 30 inventory

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Reference no: EM131807780

1. Flint Corporation uses a perpetual inventory system. On November 19, the company sold 620 units. The following additional information is available:

	Units		Unit Cost		Total Cost
Nov. 1 inventory		310		$12		$3,720
Nov. 15 purchase		430		15		6,450
Nov. 23 purchase		450		17		7,650
		1,190				$17,820

2. Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula. (Round unit cost to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places. e.g. 5,275.)

Cost of Goods Sold $

Ending Inventory $

3. Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula.

Cost of Goods Sold $

Ending Inventory $

Reference no: EM131807780

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