Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month: Aug 3: 4 books for $14, Aug 15: 4 books costing $14 and 5 books costing $20 each, Aug 28: 2 books costing $20 each and 4 books costing $29 each.... Aug 1 Beginning Merchandise Inventory 12 books @ $14 each; Aug 3 : Sold 4 books @ $18 each; Aug 12 Purchased 8 books @20 each; Aug 15 sold 9 books @$18 each; Aug 20 Purchased 5 books @ $29; Aug 28 Sold 6 books @ $20 each (Purchases, Cost of Goods, Inventory on Hand)

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date	Qty	Unit Cost	Tot Cost	Qty	Unit Cost	Tot Cost	Qty	Unit Cost	Tot Cost