Jasper & Williams made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar 7 Purchased July 28 Purchased Oct. 3 Purchased Totals 110 units @$2.30 -5 200 units $2.40 400 units $2.50 = 50 units $2.60 760 units 253 480 1,000 130 $1,863 Assume that the specific Identification method is used to assign costs to cost of goods sold ending Inventory. The units in ending Inventory were specifically Identified as follows. .99 units from beginning Inventory 17 units from the March 7 purchase, and 38 units from the July 28 purchase. Required Determine the cost to be assigned to ending Inventory and cost of goods sold. (Round the final answers to 2 decimal places.) Ending inventory Cost of goods sold < Prev 11 of 16 Next >