Laser Listening has the following inventory data: 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, cost of goods sold is
A) $427.
B) $857.
C) $854.
D) $836.

Question

Laser Listening has the following inventory data:  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, cost of goods sold is
A) $427. 
B) $857. 
C) $854. 
D) $836.

Quizplus · Accepted Answer

The Answer of Laser Listening has the following inventory data:  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, cost of goods sold is
A) $427. 
B) $857. 
C) $854. 
D) $836.

Laser Listening Has the Following Inventory Data: a Physical