Question: Question 20 through 22 are based on the following information. Toulouse Co. began the month of November with 150 baubles on hand at a cost

 Question 20 through 22 are based on the following information. Toulouse

Question 20 through 22 are based on the following information. Toulouse Co. began the month of November with 150 baubles on hand at a cost of $4.00 each. These baubles sell for $7.00 each. The following schedule presents the sales and purchases of this item during the month of November Purchases Date of Quantity Unit Unit Transaction Received Cost Sold November 5 November 7 200 $4.20 November 9 November 11 200 $4.40 November 17 November 22 250 November 29 100 S4.80 20. If Toulouse uses FIFO inventory pricing, the inventory on November 30 will be A. $936 B. $1,012 C. $1,046 D. $1,104 21. ff Toulouse uses weighted-average inventory pricing, the cost of goods sold for November will be A. $2.954 B. $2,508 C. $2,474 D. $2,462 ending inventory 22. e ed for November will be If Toulouse uses periodic LIFO inventory pricing, the f A $1,104 B. $1.076 C. $1,046 D. $936

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