3: Also Calculate Gross Profit for month of July

Dean's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of April. The company uses the specific identification cost formula. Date Explanation Model Serial # Unit Cost/Price April 1 Beginning inventory Focus C81362 $23,600 F-150 F1883 25,400 F-150 F1921 29,000 Mustang G62313 29,000 Flex X3892 30.100 8 Sales Focus C81362 25,500 Mustang G62313 31.900 12 Purchases Mustang G71811 30.900 Flex X4214 30,700 Escape E21202 28,100 Mustang G71891 28.800 Flex X4212 30.100 18 Sales Mustang G71891 33.200 F-150 F1921 32.200 Flex X3892 33,600 Escape E21202 31,400 Escape E21202 31,400 23 Purchases Focus C81528 27,100 Escape E28268 29.100 (a) Determine the cost of goods sold and ending inventory for the month of April. Cost of Goods Sold $ Ending Inventory $ e Textbook and Media Save for Later Attempts: 0 of 1 used Submit