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

question 86

Multiple Choice

Netta Shutters has the following inventory information. $\begin{array}{rll}\text { Nov. }1 & \text { Inventory } & 30 \text { units @ } \$ 8.00 \\8 & \text { Purchase } & 120 \text { units @ } \$ 8.30 \\17 & \text { Purchase } & 60 \text { units @ \$8.40 } \\25 & \text { Purchase } & 90 \text { units @ } \$ 8.80\end{array}$ A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is

• A) $1,740.
• B) $1,772.
• C) $1,778.
• D) $1,794.

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