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During 2021, a company sells 150 units of inventory for $57 each. The company has the following inventory purchase transactions for 2021 Jan. 1 Beginning
During 2021, a company sells 150 units of inventory for $57 each. The company has the following inventory purchase transactions for 2021 Jan. 1 Beginning inventory May Purchase Nov. 3 Purchase 55 105 79 239 $43 42 41 3,239 $10.014 Actual sales by the company include its entire beginning inventory. 85 units of inventory from the May 5 purchase, and 10 units fie the November 3 purchase Calculate cost of goods sold and ending inventory for 2021 assuming the company uses specific identification. Cost of goods sold Ending Inventory
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