Cornerstone Exercise 6-19 (Algorithmic) Applying the Cost of Goods Sold Model Hempstead Company. has the following data for 2019: Item Inventory, 12/31/2018 Purchases Inventory, 12/31/2019 Required: 1. How many units were sold? I X units Units 990 4,510 720 Cost $10,890 49,610 7,610 2. Using the cost of goods sold model, determine the cost of goods sold. X

Cornerstone Exercise 6-19 (Algorithmic) Applying the Cost of Goods Sold Model Hempstead Company. has the following data for 2019 : 1. How many units were sold? X units 2. Using the cost of goods sold model, determine the cost of goods sold. x