Question: 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

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. Cost of goods sold under FIFO is

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