Shandy Shutters has the following inventory information. 
A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic inventory system is used. 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
Definitions:
Represents
To act on behalf of someone or something, often in a legal or official capacity.
Independent Contractor
An individual who provides services to another entity under a contract for services, retaining control over how the services are performed.
Specific Undertaking
A precise commitment or obligation that a party agrees to carry out.
Limited Liability Partnership
A partnership in which some or all partners (depending on the jurisdiction) have limited liabilities, protecting them from the debts of the partnership and other partners' actions.
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