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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 keyboards
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.
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