Tamarisk, Inc. has the following inventory dа ta:

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

Question

Amirah Arnold

Business

16 December, 08:47

Tamarisk, Inc. has the following inventory dа ta:

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

+5

Answers (1)

Know the Answer?

Hull · Answer 1

cost of goods sold (rounded) is $1392

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