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Question 1 Nov. 1 Inventory 40 units $4.00 8 Purchase 80 units$5.00 17 Purchase 50 units @$5.00 25 Purchase 110 units $6.00 8 Purchase 80
Question 1 Nov. 1 Inventory 40 units $4.00 8 Purchase 80 units$5.00 17 Purchase 50 units @$5.00 25 Purchase 110 units $6.00 8 Purchase 80 u A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is O $913. O $951. $967. $945
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