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Serene Stereos has the following inventory data: Nov. 1 8 17 25 Inventory Purchase Purchase Purchase 35 units @ $7.10 each 142 units @ $7.60
Serene Stereos has the following inventory data: Nov. 1 8 17 25 Inventory Purchase Purchase Purchase 35 units @ $7.10 each 142 units @ $7.60 each 71 units @ $7.45 each 106 units @ $7.80 each A physical count of merchandise inventory on November 30 reveals that there are 118 units on hand. Cost of goods sold under FIFO is $879. $1767. $916. $1804
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