Current Attempt in Progress

Wildhorse has the following inventory data:

Nov. 1		Inventory		32 units @ $6.50 each
8		Purchase		130 units @ $6.95 each
17		Purchase		65 units @ $6.80 each
25		Purchase		97 units @ $7.10 each

A physical count of merchandise inventory on November 30 reveals that there are 108 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 32 units from each of the three purchases and 12 units from the November 1 inventory, cost of goods sold is

$851.

$1497.

$1492.

$1465.