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2. XYZ Co. made the following transactions during the month of Jan 2021:

3. Using the same information in No.2, calculate the cost of goods sold using specific identification method of inventory valuation.

Jan-01 Purchased 1,000 units @P4.00 Jan-12 Purchased 3,000 units @P4.40 Jan-17 Sold 2,000 units Jan-31 Purchased 1,000 units @P4.80 The units remained in the inventory on Jan 31 is composed of 500 units from purchases made on Jan 1, 1,500 units from purchases made on Jan 12, and 1,000 units from purchase made on Jan 31. Calculate the cost of ending inventory using specific identification method of inventory valuation