2 of 4 The Larkspur Studio Ltd. has provided you with the following information with respect to its piano inventory for the month of August. The company uses specific identification to determine inventory costs. Date Explanation Supplier Serial # Unit Cost/Price Aug. 1 Beginning inventory Yamaha YH6318 $1,940 Kawai KG1268 1,940 Kawai KG1520 1,030 Suzuki SZ5716 1,410 Suzuki SZ5828 1,980 Steinway ST8411 2,970 Steinway ST0944 2,550 10 Sales Suzuki SZ5828 3,150 Kawai KG1268 2,240 15 Purchases Yamaha YH4418 1,690 Yamaha YH5632 1,980 18 Sales Yamaha YH4418 2,500 Steinway ST 8411 4,110 Purchases Suzuki SZ6132 2,240 26 Suzuki SZ6148 1,980 Suzuki SZ6132 3,400 Yamaha YH6318 2,980 Yamaha YH5632 2,970 (a)