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During 2021, a company sells 190 units of inventory for $52 each. The company has the following inventory purchase transactions for 2 2021: Number of
During 2021, a company sells 190 units of inventory for $52 each. The company has the following inventory purchase transactions for 2 2021: Number of Units 53 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Unit Cost $42 41 40 104 Total Cost $2,226 4,264 2,840 $9,330 8 01:41:3 71 228 Print Actual sales by the company include its entire beginning inventory, 84 units of inventory from the May 5 purchase, and 53 units from 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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