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Sunland Shutters has the following inventory information. Nov. 1 Inventory 30 units $9.00 8 Purchase 100 units @$8.20 17 Purchase 50 units @ $8.50 25
Sunland Shutters has the following inventory information. Nov. 1 Inventory 30 units $9.00 8 Purchase 100 units @$8.20 17 Purchase 50 units @ $8.50 25 Purchase 110 units @ $9.20 A physical count of merchandise inventory on November 30 reveals that there are 40 units on hand. Assume a periodic inventory system is used. Assuming that the specific identification method is used and that ending inventory consists of 10 units from each of the three purchases and 10 units from the November 1 inventory, cost of goods sold is O $2178. O $2128 O $2088 O $2186
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