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Determine the cost of goods sold for the following based on a Specific identification method. Candis Gits reported the following current-year data for its only
Determine the cost of goods sold for the following based on a Specific identification method. Candis Gits reported the following current-year data for its only product. The company uses a periodic inventory system and its ending inventory consists of 435 units-145 from each of the last three purchases. Jan 1 Beginning Inventory Mar 7 Purchase July 28 Purchase Oct 3 Purchase Dec 19 Purchase 325 units @ 54 B0 = $ 1560 690 units $460 = 3.174 890 units $430 - 3.827 1.190 units 53 20 - 3. BOB 3.10 units $310 - 1 054 Totals 3,435 units $13.423
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