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What is the cost of the merchandise inventory

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Reference no: EM132818281

Problem - The inventory data for an item for November are as follows:

Nov. 1 Inventory 25 units at $20 each

Nov. 10 Purchase 30 units at $21 each

Nov. 30 Purchase 10 units at $22 each

Sale 35 units

Using the first-in, first-out method, what is the cost of the merchandise inventory recorded on November 30?

a. $640

b. $605

c. $630

d. $660

Reference no: EM132818281

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