Question: Instructions Determine the correct inventory amount at December 31. E6.3 (LO 2) AP In December, Carrie's Car Emporium purchased the following items: Apply specific identification.

Instructions Determine the correct inventory amount at December 31. E6.3 (LO 2) AP In December, Carrie's Car Emporium purchased the following items: Apply specific identification. Date Purchased Description Cost Dec. 12 2018 Red Jeep $15,000 5 2019 Blue Honda 12,000 10 2020 Black Audi 25,000 19 2017 Grey Toyota 18,000 20 2017 Green Range Rover 10,000 On December 22, the 2019 Honda and 2018 Jeep were sold for $16,500 each. 6-44 CHAPTER 6 Inventory Costing Instructions a. Should Carrie's Car Emporium use specific identification or one of the two cost formulas (FIFO or weighted average) instead? Explain. b. Calculate ending inventory and cost of goods sold using specific identification. c. Prepare the journal entry to record the December 22 cash sale

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