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Question 1 Serene Stereos has the following inventory data: Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 28 units @ $5.50 each 110 units

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Serene Stereos has the following inventory data: Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 28 units @ $5.50 each 110 units @ $5.95 each 55 units @ $5.80 each 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 $535. $1075. $559. $1099

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