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Classy Jewelers uses the specific identification method of determining ending inventory and cost of goods sold. Classy purchased 6 gold necklaces at $340 each, 7
Classy Jewelers uses the specific identification method of determining ending inventory and cost of goods sold. Classy purchased 6 gold necklaces at $340 each, 7 diamond rings at $440 each, and 8 gold bracelets at $290 each. What is the cost of ending merchandise inventory for the month if 4 necklaces, 6 ring(s), and 6 bracelets were sold? A. $1,120 B. $1,410 C. $1,700 D. $5,740
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