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Van Dyke Company reported the following July purchases and sales data. They also had 20 units @ $23 per unit at the beginning of

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Van Dyke Company reported the following July purchases and sales data. They also had 20 units @ $23 per unit at the beginning of July. The company uses a perpetual inventory system. Date Purchases Units Cost/Unit Total Cost Sales Units July 1 Beginning Inventory 20 $23 = $460 July 3 Purchase 6 $20 = $120 July 8 Sale 10 July 12 Purchase 6 $24 = $144 July 17 Purchase 13 $22 = $286 July 23 Sale 24 July 31 Purchase Totals 15 11 $21 = $231 56 $1,241 Calculate the Cost of Goods Sold (COGS) and the Ending Inventory for the month using the Specific Indication method and the additional information below. Instructions for specific identification method: 1. Of the 10 items that were sold on July 8; 9 of them were sold from the beginning inventory and 1 of them were sold from the July 3rd purchase 2. The 24 items that were sold on July 23rd; 6 were sold from beginning inventory, 4 were sold from the July 3rd purchase, 4 were sold from the July 12th purchase, and 10 were sold from the July 17th purchase. Cost of Goods Sold: $ Ending Inventory: $ Question Help: Video. Submit All Parts

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