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On January 3, Marigold Corp. purchased two portable electronic keyboards for $612 each. On January 20, it purchased two more of the same model
On January 3, Marigold Corp. purchased two portable electronic keyboards for $612 each. On January 20, it purchased two more of the same model keyboards for $454 each. During the month, it sold two keyboards; one that Marigold purchased on January 3 and one that it purchased on January 20. (a) Calculate the cost of goods sold and ending inventory for the month using specific identification. Cost of goods sold Ending inventory 2586 1520
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