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Shandy Shutters Has the Following Inventory Information

Question 60

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Shandy Shutters has the following inventory information. 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) €320. B) €643. C) €640. D) €627. 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) €320.
B) €643.
C) €640.
D) €627.

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