24 25 Part B 5 Marks 36 " 20 10 " AL During 2020, a company sells 200 units of inventory for $50 each. The company has the following inventory purchase transactions for 2012: Date 01-Feb 05-May 28-Sep Transaction Beginning Inventory Purchase Purchase Unit Unit Cost Total Cost 50 $40 $2,000 150 $38 $5,700 45 $37 $1,665 Actual sales by the company include its entire beginning inventory, 80 units of inventory from the May 5 purchase, and 70 units from the November 3 purchase. Required W " " Calculate cost of goods sold and ending inventory for 2012 assuming the company uses the specific identification method Part B -5 Marks During 2020, a company sells 200 units of inventory for $50 each. The company has the following inventory purchase transactions for 2012: Date 01-Feb 05-May 28-Sep Transaction Beginning Inventory Purchase Unit Unit Cost Total Cost 50 $40 $2,000 150 $38 $5,700 Purchase 45 $37 $1,665 Actual sales by the company include its entire beginning inventory, 80 units of inventory from the May 5 purchase, and 70 units from the November 3 purchase. Required Calculate cost of goods sold and ending inventory for 2012 assuming the company uses the specific identification method