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Assume a periodic inventory system is used cost of goods

Concord Shutters has the following inventory information.

Nov. 1 Inventory 60 units @ $5.00

8 Purchase 120 units @ $6.00

17 Purchase 60 units @ $7.00

25 Purchase 60 units @ $8.00

A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is

a. $1606.0.

b. $1622.0.

c. $1568.0.

d. $1600.0.

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Managerial Accounting: Assume a periodic inventory system is used cost of goods

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