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Sheffield Shutters has the following inventory information. Nov. 1 Inventory 40 units @ $7.00 8 Purchase 130 units @ $5.00 17 Purchase 70 units @
Sheffield Shutters has the following inventory information. Nov. 1 Inventory 40 units @ $7.00 8 Purchase 130 units @ $5.00 17 Purchase 70 units @ $6.00 25 Purchase 90 units @ $7.00 A physical count of merchandise inventory on November 30 reveals that there are 90 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
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