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Requirement: Calculate the Cost of Goods Availabe for Sale, Cost of Goods Sold, Ending inventory, and Gross Profit for the month using the Specific Identifcation

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Requirement: Calculate the Cost of Goods Availabe for Sale, Cost of Goods Sold, Ending inventory, and Gross Profit for the month using the Specific Identifcation method and the additional information below. 1) Of the 13 items that were sold on July 8;12 of them were sold from the beginning inventory and 1 of them were sold from the July 3 rd purchase 2) Of the 25 items that were sold on July 23rd;6 were sold from beginning inventory, 4 were sold from the July 3 rd purchase, 4 were sold from the July 12 th purchase, and 11 were sold from the July 17 th purchase

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