Question: Current Attempt in Progress Marigold has the following inventory data: Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 23 units @ $4.70 each 94
Current Attempt in Progress Marigold has the following inventory data: Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 23 units @ $4.70 each 94 units @ $5.05 each 47 units @ $4.90 each 70 units @ $5 10 each A physical count of merchandise inventory on November 30 reveals that there are 78 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 23 units from each of the three purchases and 9 units from the November 1 inventory, cost of goods sold is $782 $750. $136. $777
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