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Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Beginning Inventory 100 units @ $30.00
Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November:
Beginning Inventory
100 units @ $30.00 per unit
Purchase #1
60 units @ $35.00 per unit
Purchase #2
40 units @ $40.00 per unit
Units sold
170 units @ $100 per unit
Assume that at the end of November it would cost Peeke $45 per unit to replace its inventory. The sum of cost of good sold and cost of ending inventory for November will be:
A.
$17000
B.
$6700
C.
$3800
D.
$9000
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