Question 2

Laser Listening has the following inventory data: 31 units @ $6.10 each Nov. 1 Inventory 122 units @ $6.60 each 8 Purchase Purchase 61 units @ $6.45 each 17 92 units @ $6.70 each 25 Purchase A physical count of merchandise inventory on November 30 reveals that there are 102 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 31 units from each of the three purchases and 9 units from the November 1 inventory, cost of goods sold is $1337. $691 $1332. $1305