Question: Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the
Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Specific Identification: Date Goods Purchased Cost of Goods Sold Inventory Balance # of units Cost per unit Goods Puchased # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance March 1 100 at $50.0
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