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

Question 53

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Storme Shutters has the following inventory information.  Nov. 1 Inventory 30 units @$8.008 Purchase 120 units $8.3017 Purchase 60 units $8.4025 Purchase 90 units $8.80\begin{array}{rrr}\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 80 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 20 units from each of the three purchases and 20 units from the November 1 inventory, cost of goods sold is


A) $1,758.
B) $1,870.
C) $1,862.
D) $1,812.

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