Assume the following data for Windy Road Co. for November 2010: Beginning inventory Nov. 1 6 units at $80 each Sale Nov.

Assume the following data for Windy Road Co. for November 2010:

           Beginning inventory Nov. 1  6 units at $80 each

           Sale Nov. 3                            2 units at $120 each

           Nov. 6 purchase                     10 units at $90 each

           Sale Nov. 8                            6 units at $110 each

           Sale Nov. 9                            3 units at $110 each

Required:

1)     Calculate ending inventory and Cost of Goods Soldfor Windy Road Co. assuming the  moving weighted-average cost method is being used.

2)     Calculate ending inventory and Cost of Goods Sold for Windy Road Co. assuming the  FIFO cost method is being used