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:
1990s
The decade spanning from January 1, 1990, to December 31, 1999, characterized by significant global political, technological, and cultural changes.
1970s
The decade spanning from 1970 to 1979, marked by significant political, social, and technological changes worldwide.
Quantity of Money
The total amount of money available in the economy, comprising various forms of currency and bank deposits.
Value of Money
The purchasing power of money, which can decrease over time due to inflation.
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