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. Cost of goods sold under the average-cost method is
Definitions:
Black-on-white Painted Bowls
Types of ceramic bowls characterized by their decorative style, which includes black designs painted on a white background, common in Ancestral Puebloan pottery.
Southwestern New Mexico
A region in the southwestern part of the state of New Mexico, characterized by its beautiful desert landscapes and rich cultural history.
Real GDP
The calculation of a nation's total economic output accounting for price level changes over time, to represent the real value of all produced goods and services using stable prices.
Annual Growth Rate
The percentage change in the value of a particular economic variable over the course of a year, indicative of the variable's expansion or contraction over time.
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