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0. PERPETUAL SPECIFIC IDENTIFICATION E6.4 (LO 2) AP In December, Carrie's Car Emporium purchased the following items: On December 22, the 2022 Honda and 2021
0. PERPETUAL SPECIFIC IDENTIFICATION E6.4 (LO 2) AP In December, Carrie's Car Emporium purchased the following items: On December 22, the 2022 Honda and 2021 Jeep were sold for $16,500 each. Instructions a. Should Carrie's Car Emporium use specific identification or one of the two cost formulas (FIFO or weighted average) instead? Explain. b. Calculate ending inventory and cost of goods sold using specific identification. c. Prepare the journal entry to record the December 22 cash sale
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