5 Page 4 of #4 Points possible: 10, Total attempts: O Van Dyke Company reported the following July purchases and sales data. They also had 23 units e $25 per unit at the beginning of July. The company uses a perpetual inventory system Date Purchases Sales Units Cost/Unit Total Cost Units = | $575 - $140 July 1 Beginning inventory 23 July 3 Purchase July 8 Sale July 12 Purchase July 17 Purchase July 23 Sale July 31 Purchase 5 7 $20 12 5 $26 12 $22 =| $130 - $264 24 9 $21$189 Totals 56 $1,298 Calculate the Cost of Goods Sold (COGS) and the Ending Inventory for the month using the Specific Indication method and the additional information below. Instructions for specific identification method: 1. Of the 12 items that were sold on July 8; 11 of them were sold from the beginning inventory and 1 of them were sold from the July 3rd purchase 2. The 24 items that were sold on July 23rd; 7 were sold from beginning inventory, 4 were sold from the July 3rd purchase, 3 were sold from the July 12th purchase, and 10 were sold from the July 17th purchase. Cost of Goods Sold: $ Ending Inventory: $_