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25 November, 13:33

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

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  1. 25 November, 16:29
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    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
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