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3) Dittner Inc. opened for business on July 1, 2013 selling unique jewelry purchased from local artisans During the month the company made the following

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3) Dittner Inc. opened for business on July 1, 2013 selling unique jewelry purchased from local artisans During the month the company made the following purchases: Date Inventory Tage Number Kost July 1 001 $1,500 July 3 002 600 003 1.200 Vuly 5 004 2,300 Vuly 10 005 400 006 1,113 July 13 007 3.900 008 900 Vuly 26 1009 1.700 July 31 1010 2.225 On July 31, only inventory items 006, 008, and 010 remained in inventory, Requirements: (a) Determine the cost of goods sold for Harris Inc. for the month of July using the specific identification cost determination method. (b) Discuss whether or not specific identification is an appropriate cost determination method for this company

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