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can you help me with this multiple choice question please? Swifty Shutters has the following inventory information. Nov. 1 Inventory 30 units @ $7.00 8
can you help me with this multiple choice question please?
Swifty Shutters has the following inventory information.
Nov. | 1 | Inventory | 30 units @ $7.00 |
8 | Purchase | 100 units @ $8.30 | |
17 | Purchase | 40 units @ $8.20 | |
25 | Purchase | 90 units @ $8.50 |
A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Assume a periodic inventory system is used. Assuming that the specific identification method is used and that ending inventory consists of 20 units from each of the three purchases and 20 units from the November 1 inventory, cost of goods sold is
$1493.
$1501.
$1443.
$1413.
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