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What is cost of goods sold for metlock

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Reference no: EM132946260

Metlock has the following inventory data:

Nov. 1 Inventory 27 units @ $5.40 each

8 Purchase 108 units @$5.580 each

17 Purchase 54 units @$5.65 each

25 Purchase 81 units @$5.90 each

Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 27 units from each of the three purchases and 9 units from the November 1 inventory, cost of goods sold is?

Reference no: EM132946260

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