Van Dyke Company reported the following July purchases and sales data. They also had 25 units @ $24 per unit at the beginning of July. The company uses a perpetual inventory system. Date July 1 Beginning Inventory 25 July 3 Purchase 6 July 8 Sale July 12 Purchase July 17 Purchase July 23 Sale July 31 Purchase Totals Units Cost of Goods Sold: $ Ending Inventory: $ Purchases 10 59 Cost/Unit $24 $21 5 $25 13 $23 $22 = = = = = Total Cost $600 $126 $125 $299 $220 $1,370 Sales Units 12 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: 26 1. Of the 12 items that were sold on July 8; 10 of them were sold from the beginning inventory and 2 of them were sold from the July 3rd purchase 2. The 26 items that were sold on July 23rd; 10 were sold from beginning inventory, 1 were sold from the July 3rd purchase, 4 were sold from the July 12th purchase, and 11 were sold from the July 17th purchase.