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Use the information below to calculate the dollar amount of Cost of Goods Sold for the 40 units sold on September 10th using the Specific
Use the information below to calculate the dollar amount of Cost of Goods Sold for the 40 units sold on September 10th using the Specific Identification method for valuing inventory. Date Transaction Description Units Cost per Unit Total Cost September 1 Beginning Inventory 200 $5 per unit $1,000 September 5 Purchased $6 per unit $180 September 10 Sold Additional Information for Specific Identification: Of the 40 units sold on September 10th: 15 units came from the beginning inventory on September 1st and 25 units came from September 5th. $205.20 $230.00 $955.00 $200.00 $225.00
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