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Netta Shutters Has the Following Inventory Information A Physical Count of Merchandise Inventory on November 30 Reveals

Question 87

Multiple Choice

Netta Shutters has the following inventory information.  Nov. 1 Inventory 30 units @ $8.008 Purchase 120 units @ $8.3017 Purchase 60 units @ $8.40 25 Purchase 90 units @ $8.80\begin{array}{rll}\text { Nov. }1 & \text { Inventory } & 30 \text { units @ } \$ 8.00 \\8 & \text { Purchase } & 120 \text { units @ } \$ 8.30 \\17 & \text { Purchase } & 60 \text { units @ \$8.40 } \\25 & \text { Purchase } & 90 \text { units @ } \$ 8.80\end{array} A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is


A) $1,740.
B) $1,772.
C) $1,778.
D) $1,794.

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