An online retailer selis video game equipment. The online retailer sold 7,000 controllers to various customers...

 

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An online retailer selis video game equipment. The online retailer sold 7,000 controllers to various customers during the year ended December 31, 2018. The retail price of each controller was $60. This table shows the company's beginning inventory, purchases, and sales of game controllers during the year: Date 1/5/2018 Beginning inventory 2/7/2018 Purchase 3/10/2018 Purchase 5/30/2018 Purchase 7/25/2018 Purchase 9/12/2018 Purchase Transaction Number of Controllers 1,000 1,000 2,000 3,000 1,500 500 Cost Per Controller Number Sold 800 900 1,800 2,000 1,000 500 7,000 $30 $31 $32 $33 $34 $35 Total What is the ending inventory and cost of goods sold for the year ended December 31, 2018, using the specific identification method? An online retailer selis video game equipment. The online retailer sold 7,000 controllers to various customers during the year ended December 31, 2018. The retail price of each controller was $60. This table shows the company's beginning inventory, purchases, and sales of game controllers during the year: Date 1/5/2018 Beginning inventory 2/7/2018 Purchase 3/10/2018 Purchase 5/30/2018 Purchase 7/25/2018 Purchase 9/12/2018 Purchase Transaction Number of Controllers 1,000 1,000 2,000 3,000 1,500 500 Cost Per Controller Number Sold 800 900 1,800 2,000 1,000 500 7,000 $30 $31 $32 $33 $34 $35 Total What is the ending inventory and cost of goods sold for the year ended December 31, 2018, using the specific identification method?

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To calculate the ending inventory and cost of goods sold for the year ended December 31 2018 using t... View the full answer