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Mandel Manufacturing had inventory on November 1 of 5 units at a cost of $2...

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Accounting

Mandel Manufacturing had inventory on November 1 of 5 units at a cost of $2 On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. a. Using the FIFO perpetual inventory method, what was the cost of the merchandise sold on November 8, and what is the value of the inventory after the November 8 after the sale? b. Using the LIFO perpetual inventory method, what was the cost of the merchandise sold on November 8, and what is the value of the inventory after the November 8 after the sale

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