Using a LIFO Perpetual Cost Flow, Calculate the Value of the Ending

Essay

Using a LIFO perpetual cost flow, calculate the value of the ending inventory and the cost of merchandise sold for the month of November of Beamer Company using the data below.?? $\begin{array} { r r l l l } \text { Nov. } & 1 & \text { Purchase } & 600 \text { units } & \$ 80 \text { each } \\&4 & \text { Sale } & 200 \text { units } & \\&11 & \text { Purchase } & 350 \text { units } & \$ 82 \text { each } \\&12 & \text { Sale } & 275 \text { units } & \\&22 & \text { Purchase } & 175 \text { units } & \$ 84 \text { each } \\&23 & \text { Sale } & 155 \text { units } &\end{array}$ Calculate the following:
(a) Inventory valuation at the end of November
(b) Cost of merchandise sold for November