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Addison Hardware began the month of November with 150 large brass switchplates on hand at a cost of $4.00 each. These switchplates sell for $7.00

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Addison Hardware began the month of November with 150 large brass switchplates on hand at a cost of $4.00 each. These switchplates sell for $7.00 each. The following schedule presents the sales and purchases of this item during the month of November Purchases Sales Number of Units Unit Cost Units Sold Transaction November 5 $4.20 November 7 November 9 November 11 4.40 November 17 4.80 November 22 November 29 If Addison uses perpetual moving average inventory pricing, the sale of 220 items on November 17 would be recorded at a unit cost of Select one: e $4.20 $4.16 $4.00 $4.32

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