1. Trout company uses a perpetual system and made purchases and sales of a particular product as follows:

Date	Purchase	Number of units	Cost per unit	Total Cost
Jan 1	beginning	75	$12.00	$900
March 14	purchase	80	$13.00	$1040
July 30	purchase	500	$14.00	$7000
October 4	purchase	450	$15.00	$6750
Units available		1105
Cost of Goods				$15690

The company makes sales in the following dates

Date	Sale	Number of units
Jan 10	sale	60 units
March 15	sale	40 units
Oct 15	sale	350 units
Total		450 units

The company makes sales in the following dates using special identification method

Date	Number of unit
Jan 10	60 units from the beginning inventory
March 15	15 from the beginning inventory 30 units from the March 14 purchase
Oct 15	50 units from March 14 purchase 350 units from Oct 4 purchase
Total

Assign the cost of the inventory using the

specific identification method