Question: Multiple Cholce $3,700. $900. $3,600. $2,600 Delta Diamonds uses a periodic inventory system. The company had five diamonds aveileble for sale this year: one wes

Delta Diamonds uses a periodic inventory system. The company had five diamonds

Multiple Cholce $3,700. $900. $3,600. $2,600

Delta Diamonds uses a periodic inventory system. The company had five diamonds aveileble for sale this year: one wes purchased on June 1 for $800, two were purchased on July 9 for $900 each, end were purchased on September 23 for $950 each. On December 24, it sold one of the diamonds that was purchased on July 9. using the specific identification method, its ending inventory (after the December 24 sale) equals: Multlple Cholce O O O O $3.700_ $900 $3,600. 2600

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