QUESTION 6 The following data applies to a particular item of merchandise: On hand at start of period 1st purchase 2nd purchase 3rd purchase Number of units available for sale On hand at end of period Number of units sold during period 300. $5.10 500 5.201 700 5.30 600 5.50 2,100 500 1,600 Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase, and 200 from the last purchase. Using the specific identification costing method, the amount of the cost of goods sold would be 1 points Sain