Question
Using the specific identification method: a. Calculate the ending inventory. b. Calculate the cost of goods...
Using the specific identification method:
a. Calculate the ending inventory.
b. Calculate the cost of goods sold.
| Date | Units purchased | Cost per unit | Ending inventory | ||
| June 1 | 14 Echo Show’s 360 | $ | 284 | 4 Echo Show’s from June | |
| July 1 | 50 Echo Show’s 360 | 259 | 10 Echo Show’s from July | ||
| August 1 | 68 Echo Show’s 360 | 249 | 7 Echo Show’s from August | ||
Homework Answers
Answer #1
Answer-a:
Answer-b:
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