Serene Stereos has the following inventory data: Nov. 1 Inventory 32 units @ $6.40 each...
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Serene Stereos has the following inventory data: Nov. 1 Inventory 32 units @ $6.40 each 8 Purchase 127 units $6.85 each 17 Purchase 64 units @ $6.70 each 25 Purchase 95 units @ $7.00 each A physical count of merchandise inventory on November 30 reveals that there are 106 units on hand. Cost of goods sold under FIFO is $739. $1430. $712. $1457
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