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Concord Shutters has the following inventory information Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 40 units @ $8.00 140 units @ $8.30 60

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Concord Shutters has the following inventory information Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 40 units @ $8.00 140 units @ $8.30 60 units @ $8.60 110 units @ $8.90 A physical count of merchandise inventory on November 30 reveals that there are 100 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 $3185 $2301 $2141 $2325

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