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Skysonghas the following inventory data: Nov. 1Inventory25units @ $4.90each8Purchase98units @ $5.30each17Purchase49units @ $5.15each25Purchase74units @ $5.40each A physical count of merchandise inventory on November 30 reveals
Skysonghas the following inventory data:
Nov. 1Inventory25units @ $4.90each8Purchase98units @ $5.30each17Purchase49units @ $5.15each25Purchase74units @ $5.40each
A physical count of merchandise inventory on November 30 reveals that there are82units on hand. Assuming that the specific identification method is used and that ending inventory consists of25units from each of the three purchases and7units from the November 1 inventory, cost of goods sold is??
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