SPECIFIC IDENTIFICATION. Relocation Services Company purchases homes from homeowners being relocated by corporate employers and then resells those homes. During 19x4 Relocation Services Company purchased the following 10 homes:

REQUIRED:
Using the specific identification method, compute cost of ending inventory and cost of goods sold.

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PURCHASE PRICE PURCHASE PRICE PURCHASE PRICE X4-1 $66,900 X4-5 $109,300 X4-8 $86,100 X4-2 97,300 X4-6 91,400 X4-9 99,200 X4-3 X4-4 82,700 X4-7 58,500 X4-10 67,600 78,800 At the end of the year, Relocation Services Company's inventory contains purchases X4-1, X4-6, and X4-9.