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What the dollar value of the cost of goods sold is

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Reference no: EM132894286

Nash's,LLC has the following inventory data:

Nov. 1 Inventory 22 units @ $4.40 each

8 Purchase 89 units @ $4.75 each

17 Purchase 44 units @ $4.65 each

25 Purchase 67 units @ $4.90 each

Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 74 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 22 units from each of the three purchases and 8 units from the November 1 inventory, cost of goods sold is?

$703.

$698

Reference no: EM132894286

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