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Oriolehas the following inventory data: Nov. 1Inventory34units @ $6.70each8Purchase134units @ $7.20each17Purchase67units @ $7.05each25Purchase101units @ $7.40each A physical count of merchandise inventory on November 30 reveals
Oriolehas the following inventory data:
Nov. 1Inventory34units @ $6.70each8Purchase134units @ $7.20each17Purchase67units @ $7.05each25Purchase101units @ $7.40each
A physical count of merchandise inventory on November 30 reveals that there are112units on hand. Assuming that the specific identification method is used and that ending inventory consists of34units from each of the three purchases and10units from the November 1 inventory, cost of goods sold is
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