Carryable CDs Has the Following Inventory Data A Physical Count of Merchandise Inventory on November 30 Reveals

question 30

Multiple Choice

Carryable CDs has the following inventory data: $\begin{array}{rll}\text { Nov. } 1 & \text { Inventory } & 30 \text { units } @ \$ 6.00 \text { each } \\8 & \text { Purchase } & 120 \text { units } @ \$ 6.45 \text { each } \\17 & \text { Purchase } & 60 \text { units } @ \$ 6.30 \text { each } \\25 & \text { Purchase } & 90 \text { units } @ \$ 6.60 \text { each }\end{array}$ A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Cost of goods sold under LIFO is

• A)$657
• B)$1,269
• C)$632
• D)$1,295

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Definitions:

Innovative Products

Goods that introduce new features, functionalities, or efficiencies, offering novel solutions to consumers or improving upon existing products.

Existing Products

Goods or services that a company has been offering to the market, as opposed to newly developed offerings.

Business Analysis

The practice of identifying business needs and finding solutions to business problems, often involving the evaluation of business structure, processes, and operations.

Prototype Testing

The process of evaluating the design, functionality, and performance of a preliminary version of a product before it goes into mass production.