Date Activities Units Acquired at Cost Units Sold at Retail

Units "Cost

per unit" Total cost Units Selling price per unit Total Sales

January $01$ Beginning inventory $140$ $$6\mathrm{.}00$ $$840$

January $10$ Sales $100$ $$15\mathrm{.}00$ $$1,500$

January $20$ Purchase $60$ $$5\mathrm{.}00300$

January $25$ Sales $80$ $$15\mathrm{.}00$ $$1,200$

January $30$ Purchase $180$ $$4\mathrm{.}50810$

$$ Totals $380$ $$1,950180$ $$2,700$

For specific identification, ending inventory consists of the following units:

Units from beginning inventory $15$

Units from purchase of January $205$

Units from purchase of January $30180$

Specific Identification Cost of Goods Sold Ending Inventory

Units available Units "Cost

per unit" Total cost Units Cost per unit Total Cost

$140$ units from beginning inventory $$6\mathrm{.}00$ $$6\mathrm{.}00$

$60$ units purchased on January $20$ $$5\mathrm{.}00$ $$5\mathrm{.}00$

$180$ units purchased on January $30$ $$4\mathrm{.}50$ $$4\mathrm{.}50$

Totals $0$ $$0\mathrm{.}000$ $$0\mathrm{.}00$