Question
In October, Cullumber Company purchased four original paintings for resale for the following amounts: Painting 1,...
In October, Cullumber Company purchased four original paintings
for resale for the following amounts: Painting 1, $1,790; Painting
2, $2,640; Painting 3, $3,570; and Painting 4, $4,410. Paintings 3
and 4 were sold during October for $6,760 each. Calculate the cost
of goods sold for the month and the ending inventory balance on
October 31 using specific identification.
| Cost of Goods Sold | ||
|---|---|---|
| Painting | Total Cost | |
|
select a painting |
$enter a dollar amount | |
|
select a painting |
enter a dollar amount | |
|
Total |
$enter a total amount | |
| Ending Inventory | ||
|---|---|---|
| Painting | Total Cost | |
|
select a painting |
$enter a dollar amount | |
|
select a painting |
enter a dollar amount | |
|
Total |
$enter a total amount | |
Homework Answers
Answer #1
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