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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 30 $6 per unit $180 September 10 Sold 40 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.  

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