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During 2015, a company sells 200 units of inventory for $51 each. The company has the following inventory purchase transactions for 2015: Actual sales by
During 2015, a company sells 200 units of inventory for $51 each. The company has the following inventory purchase transactions for 2015: Actual sales by the company include its entire beginning inventory, 85 units of inventory from the May 5 purchase, and 55 units from the November 3 purchase. Calculate cost of goods sold and ending inventory for 2015 assuming the company uses specific identification
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