Question: Enterprise Software has the following inventory data: Inventory Purchase 30 units @ $6.00 each 120 units @ $6.45 each 60 units @ $6.30 each 90
Enterprise Software has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 30 units from each of the three purchases and 10 units from the November 1 inventory, the cost of goods sold, rounded to the nearest dollar, is $1,281. $1,254. $1,286. $640
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