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Cost Date 001 600 Dittner Inc. opened for business on July 1, 2013 seiling unique jewelry purchased from local artisans During the month the company
Cost Date 001 600 Dittner Inc. opened for business on July 1, 2013 seiling unique jewelry purchased from local artisans During the month the company made the following purchases: Inventory Tag Number Vuly 1 $1,500 Vuly 3 002 003 1.200 July 5 004 2.300 July 10 005 1400 006 1.115 July 13 007 3,900 1008 900 July 26 009 11.700 July 31 010 2.225 On July 31, only inventory items 006, 008, and 010 remained in inventory Requirements: (a) Determine the cost of goods sold for Harris Inc. for the month of July using the specific identification cost determination method. (b) Discuss whether or not specific identification is an appropriate cost determination method for this company, un estimated residus ht
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