Novak has the following inventory data: Nov. 1 8 17 25 Inventory Purchase Purchase Purchase...
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Novak has the following inventory data: Nov. 1 8 17 25 Inventory Purchase Purchase Purchase 37 units @ $7.30 each 146 units @ $7.85 each 73 units @ $7.70 each 110 units @ $8.10 each A physical count of merchandise inventory on November 30 reveals that there are 122 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 37 units from each of the three purchases and 11 units from the November 1 inventory, cost of goods sold is $1914. $1268. $1882 $1909
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