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

question 109

Multiple Choice

Storme Shutters has the following inventory information. $\begin{array}{rrr}\text { Nov. }&1 & \text { Inventory } & 30 \text { units } @ \$ 8.00 \\&8 & \text { Purchase } & 120 \text { units } \$ 8.30 \\&17 & \text { Purchase } & 60 \text { units } \$ 8 .70 \\&25 & \text { Purchase } & 90 \text { units } \$ 8.80\end{array}$ A physical count of merchandise inventory on November 30 reveals that there are 80 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) $1,758.
• B) $1,870.
• C) $1,859.
• D) $1,812.

---

Definitions:

Drug Education

Programmes and efforts aimed at providing information about drugs, their effects, and how to avoid drug abuse, often taught in schools and communities.

Job Analysis

The process of studying and collecting information about a job's responsibilities, duties, necessary skills, outcomes, and work environment.

Human Resource Activities

Tasks undertaken by a company's human resource department, including hiring, training, employee relations, and benefits management.

Employment Agency

A service organization that matches employers with employees.