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On January 3, Monty Corp.purchased four portable electronic keyboards for $563 each. On January 20, it purchased four more of the same model keyboards for
On January 3, Monty Corp.purchased four portable electronic keyboards for $563 each. On January 20, it purchased four more of the same model keyboards for $474 each. During the month, it sold two keyboards; one that Monty 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 $
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