5 Merchandise Inventory i chUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question Saved Help Save & You skipped this question in the previous attempt. Date January 1 January 10 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 275 units @ $13.00 = $ 3,575 Sales 230 units @ $43.00 March 14 March 15 July 30 October 5 October 26 Purchase Sales Purchase 450 units @ $18.00 = 8,100 400 units @ $43.00 475 units Sales Purchase Totals 175 units 1,375 units @ $23.00 @ $28.00 = = 10,925 455 units @ $43.00 4,900 $ 27,500 1,085 units Exercise 5-9 (Algo) Specific identification LO P1 Ending inventory consists of 45 units from the March 14 purchase, 70 units from the July 30 purchase, and all 175 units from the October 26 purchase. Using the specific identification method, calculate the following. a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Date Activity # of units Cost Per Unit # of units sold Cost Per Unit Cost of Goods Sold Ending Inventory Units Cost Per Unit Ending Inventory Cost January 1 Beginning Inventory 275 SA $ 0.00 SA $ 0 $ 0.00 $ 0 March 14 Purchase 450 $ 0.00 0 $ 0.00 0 July 30 Purchase 475 $ 0.00 0 $ 0.00 0 October 26 Purchase 175 $ 69 0.00 0 $ SA 0.00 0 1,375 0 $ 0 $ 0 b) Gross Margin using Specific Identification Less: Equals: Ch