Shandy Shutters Has the Following Inventory Information A Physical Count of Merchandise Inventory on November 30 Reve

question 47

Multiple Choice

Shandy Shutters has the following inventory information.
$\begin{array} { r l l } \text { Nov. } 1 & \text { Inventory } & 15 \text { units } @ € 6.00 \\ 8 & \text { Purchase } & 60 \text { units } @ € 6.45 \\ 17 & \text { Purchase } & 30 \text { units } @ € 6.30 \\ 25 & \text { Purchase } & 45 \text { units } @ € 6.60 \end{array}$
A physical count of merchandise inventory on November 30 reve als that there are 50 units on hand. Assume a periodic inventory system is used. Cost of goods sold under the average-cost method is

• A) \(€ 646\).
• B) \(€ 642\).
• C) \(€ 634\).
• D) \(€ 600\).

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