Laser Listening Has the Following Inventory Data: a Physical

question 73

Multiple Choice

Laser Listening has the following inventory data: A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. 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

• A) $427.
• B) $857.
• C) $854.
• D) $836.

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Definitions:

Contraband Camps

Refuges for escaped slaves during the American Civil War, established by Union forces.

Runaway Slaves

Enslaved people who escaped from their enslavers in pursuit of freedom, often facing severe risks and hardships.

Confederate Ships

Naval vessels that were operated by the Confederate States during the American Civil War to fight against the Union.

Enlist

To voluntarily sign up for military service or, more broadly, to join an organization or cause.