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A canoe company specializes in creating handcrafted canoes using only the finest materials. Only three canoes are offered, canoe A, canoe B, and canoe C,
A canoe company specializes in creating handcrafted canoes using only the finest materials. Only three canoes are offered, canoe A, canoe B, and canoe C, which cost $1,200, $1,500, and $2,100, respectively. Each canoe also comes as a kit and costs $425, $575, and $775, respectively. Custom paddles are available and cost $40 and $75, for medium and large sizes. The beginning inventory on April 1 is canoe A-1 canoe/2 kits, canoe B-2 canoes/2 kits, canoe C-o canoes/3 kits, and paddles-6 medium/6 large. The ending inventory on June 30 is canoe A-2 canoes/1 kit, canoe B-1 canoe/2 kits, canoe C-o canoes/1 kit, and paddles-6 medium/4 large. The table is a summary of inventory purchased by the retail outlet during the past three months (April through June). Use the information to answer question parts 1 through 3. Click the icon to view the summary of inventory purchased by the retail outlet 1. Find the cost of goods sold using the specific identification inventory method. The cost of goods sold using the specific identification inventory method is $ 22835 2. Find the cost of goods sold using the weighted average inventory method The cost of goods sold using the weighted average inventory method is s (Round to the nearest cent as needed.) i Data Table canoe $775, anoel2 bes/1k atlet du Units Date of Purchase April 5 3 Cost per unit $1,200 $1,500 $2,100 $425 May 1 INNO-NCW w Item Canoe A Canoe B Canoe C Canoe A kit Canoe B kit Canoe C kit Paddle medium Paddle large Canoe B kit Canoe C kit $575 $775 $40 $75 $575 $775 June 10 Print Done
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