Question

Tamarisk, Inc. has the following inventory data:

Nov. 1 Inventory 31 units @ $6.20 each
8 Purchase 125 units @ $6.70 each
17 Purchase 62 units @ $6.55 each
25 Purchase 94 units @ $6.90 each

A physical count of merchandise inventory on November 30 reveals that there are 104 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 31 units from each of the three purchases and 11 units from the November 1 inventory, cost of goods sold (rounded) is

Answer 1

cost of goods sold (rounded) is $1392

Step-by-step explanation:

Date Q Cost U.Cost Sold Inventory Cost

nov-01 31 192,2 6,2 20 11 124

nov-08 125 837,5 6,7 94 31 630

nov-17 62 406,1 6,55 31 31 203

nov-25 94 648,6 6,9 63 31 435

312 208 104 1392