Refer to the information in BE6-4. Calculate ending inventory and cost of goods sold for 2012, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 180 units of inventory from the May 5 purchase, and 90 units from the November 3 purchase.

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Date Jan. 1 May. 5 Nov. 3 Number of Units 50 200 2 3 Unit Cost $72 75 80 Total Cost $ 3,600 15,000 Transaction Beginning inventory Purchase Purchase 8,000 350 $26,600