Multiple Choice
Shandy Shutters has the following inventory information. A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and 5 units from the November 1 inventory, cost of goods sold is
A) $427.
B) $857.
C) $854.
D) $836.
Correct Answer:

Verified
Correct Answer:
Verified
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