On January 3, Bridgeport Corp. purchased four portable electronic keyboards for $544 each. On January 20, it
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On January 3, Bridgeport Corp. purchased four portable electronic keyboards for $544 each. On January 20, it purchased two more of the same model keyboards for $456 each. During the month, it sold two keyboards; one that Bridgeport purchased on January 3 and one that it purchased on January 20.
Calculate the cost of goods sold and ending inventory for the month using specific identification.
Cost of Good Sold = ?
Ending Inventory = ?
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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