EX6#7a: Specific Identification Inventory Method Harley-Davidson's Motorclothes use the Specific Identification Inventory Method for the sale of its product line of limited-edition distressed leather jackets. Harley-Davidson's sold 1,200 Men and 900 Women distressed leather jackets during December 2018. Harley-Davidson's recognized operating expenses of $310,000 in December. Instructions: If Harley-Davidson's Motorclothes want to minimize taxes, what should the Company report as Cost of Goods Sold during the month of December 2018? Product Line Beginning Inventory Purchases - August 15 Purchases - October 16 Harley-Davidson's Motorclothes Inventory - Distressed Leather Jackets MEN WOMEN Quantity Unit Price Total Costs Quantity Unit Price Total Costs 400 $ 75.00 $ 30,000 300 $ 65.00 $ 19,500 800 $ 95.00 $ 76,000 600 $ 85.00 51,000 1,000 $ 115.00 $ 115,000 800 $ 105.00 84,000 2,200 $ 221,000 1,700 $ 154,500 $ 450.00 $ 395.00 51 mm Sale Price