The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2017 Beginning 626 units o $77/unit Feb. 10 340 units @ $74/unit Aug. 21 220 units @ $87/unit Stilton Company has two credit sales during the period. The units have a selling price of $137 per units Mar 15 Sept. 10 Sales 420 units 325 units Sulton Company uses a perpetual inventory system 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows: Mar. 15. 224 units from beginning inventory, and 196 units from the February 10 purchase Sept 10: 219 units from beginning inventory, and 38 units from the February 10 purchase, and 68 units from the August 21 purchase Ending Inventory $ 35 159 Cost of Goods Sold $ 57,343 Specific Identification c. Specific identification View transaction list View journal entry worksheet General Journal No Date 1 February 10 Merchandise inventory Accounts payable 2. September 10 Accounts receivable Sales 3 September 10 Cost of goods sold Merchandise inventory