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Nov. 1 Inventory 28 units @ $ 5.50 each 8 Purchase 110 units @ $ 5.95 each 17 Purchase 55 units @ $ 5.80 each
Nov. 1 Inventory 28 units @ $ 5.50 each
8 Purchase 110 units @ $ 5.95 each
17 Purchase 55 units @ $ 5.80 each
25 Purchase 83 units @ $ 6.10 each
A physical count of merchandise inventory on November 30 reveals that there are 92 units on hand. Cost of goods sold under FIFO is
$ 1099. $ 1075. $ 535. $ 559.
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