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8. Copper Bookstore had 100 units on hand at November 1, costing $5 each. Purchases and sales during the month of November were as follows:
8. Copper Bookstore had 100 units on hand at November 1, costing $5 each. Purchases and sales during the month of November were as follows: Date Purchases Sales November 5 50 @ $7.50 15 75 @ $6 20 50 @ $7 29 100 @ $9.50 Copper does not maintain perpetual inventory records. According to a physical count, 75 units were on hand at November 30. The cost of the inventory at November 30, under the FIFO method is: . $375. b. $500 c. $750. d. $950
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