Problem 1

Use the specific identification method to solve for the inventory balance. Consider these details from the internal documents of Best Buy on their TVs

Purchases made in January

January 1, 12 black Samsung brand 36 curved TV purchased at a cost of $320 January 3, 17 black Toshiba brand 42 limited edition flat screen TV were purchased at a cost of $ 420

January 17, 25 white Samsung 36 student edition curved TV were purchased at a cost of $ 385

Items sold during January

January 14, 24 units were sold - 10 black Samsung brand 36 curved TV

14 black Toshiba brand 42 limited edition flat screen TV

January 28, 19 units were sold - 2 black Samsung brand 36 curved TV

17 white Samsung 36 student edition curved TV