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A company's inventory records indicate the following data for the month of April: Date Activities Units Acquired at Cost Units Sold at Retail April 1
A company's inventory records indicate the following data for the month of April: Date Activities Units Acquired at Cost Units Sold at Retail April 1 Beginning inventory 175 units @ $36 = $6,300 April 7 Purchase 145 units @ $40 = $5,800 April 11 Sale 250 units @ $110 April 16 Purchase 125 units @ $44 = $5,500 April 22 Sale 100 units @ $110 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method.
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