Sandhill Software has the following inventory data: Nov. 1 Inventory 28 units @ $5.50 each Purchase 110 units @ $5.95 each 55 units @ $5.80 each Purchase 83 units @ $6.10 each 8 17 25 Purchase The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 92 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 28 units from each of the three purchases and 8 units from the November 1 inventory, the cost of goods sold, rounded to the nearest dollar, is $1085. $444. $1090. $1058.

The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 92 units on hand. Assuming that the specific identification method is used and that ending imventory consists of 28 units from each of the three purchases and 8 units from the November 1 inventory, the cost of goods sold, rounded to the nearest dollar, is $1085. $444. $1090. $1058