Units Sold at Retail Units Acquired at Cost 205 units @ $10.20 = $ 2,091 160 units $40.20 300 units @ $15.20 4,560 Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 250 units @ $40.20 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 400 units @ $20.20 = 8,080 375 units @ $40.20 @ $25.20 - 105 units 1,010 units 2,646 $ 17,377 785 units Exercise 5-9 (Algo) Specific identification LO P1 Ending inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 105 units from the October 26 purchase. Using the specific identification method, calculate the following a) Cost of Goods Sold using Specific Identification Available for Sale Date Activity # of units Cost of Goods Sold # of units Cost Per COGS sold Unit Ending Inventory Cost Per Unit Ending Invento Cost Ending Inventory Units Cost Per Unit January 1 March 14 July 30 October 26 Beginning Inventory Purchase Purchase Purchase 205 300 400 105 1.010 b) Gross Margin using Specific identification Loss Equals