Part 2 of 5 Date Goods Available for Sale Cost of Goods Sold Ending Inventory Aug. 1 100$ 91-$ 910 25 Aug. 3 15 $106-$1590 points 1005 1-5 910 15$106-$1590 Aug 17 20 $115 $2.300 155115-11725 5055-5575 Aug. 28 10 $19 $0 30519-5357 70519-532 eBook $5.990 43 $4.582 12 $1,400 Print References Knowledge Check 01 A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory. Using specific identification, the cost of the 12 units sold is Cost of the units sold $ 266