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

question 82

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 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and 5 units from the November 1 inventory, cost of goods sold is

• A) \(€ 320\).
• B) \(€ 643\).
• C) \(€ 640\).
• D) \(€ 627\).