lternative Inventory Methods Nevens Company uses a periodic inventory system. During November, the following transactions occurred: Date Transaction Units Cost/Unit November 1 Balance 500 $3.50 8 Sale 350 13 Purchase 300 4.00 21 Purchase 200 5.00 28 Sale 150 Required: 1. Compute the cost of goods sold for November and the inventory at the end of November for each of the following cost flow assumptions. FIFOCost of Goods Sold $ Ending Inventory $ LIFOCost of Goods Sold $ Ending Inventory $ Average cost (In your computations, round per unit costs to the nearest cent.)Cost of Goods Sold $ Ending Inventory $

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