Question
Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows: Mar. 15:
Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows:
Mar. | 15: | 191 | units from beginning inventory |
174 | units from the February 10 purchase | ||
Sept. | 10: | 186 | units from beginning inventory |
27 | units from the February 10 purchase | ||
57 | units from the August 21 purchase | ||
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
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