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A company's inventory records show the following data for the month of December. Determine the cost assigned to ending inventory using the specific identification method.
A company's inventory records show the following data for the month of December.
Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of units from the December purchase, units from the December purchase, units from the December purchase, and units from beginning inventory.
tableSpecific IdentificationCost of Goods Available for Sale,Cost of Goods Sold,Ending InventorytableNumberof unitstableCost perunittablef Goodsable forSaletableNumberof unitssoldtableCost perunittableCost ofGoods SoldtableNumber ofunits inendinginventorytableCostper unittableIdingentoryBeginning inventory,$$$$Purchases:December $$$December $$$December $$$Total$$
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