Question: Part 2: Specific Identification Inventory Method (Chapter 5) Abigail Ford has the following vehicles available for sale during the month of March. Each has a

 Part 2: Specific Identification Inventory Method (Chapter 5) Abigail Ford has

the following vehicles available for sale during the month of March. Each

Part 2: Specific Identification Inventory Method (Chapter 5) Abigail Ford has the following vehicles available for sale during the month of March. Each has a unique vehicle identification number (VIN), so Abigail Ford uses the specific identification method to account for its inventory. 1. Abigail Ford sold the following Ford Explorers during March. What was Abigail Ford's March revenue? 2. Calculate Abigail Ford's cost of goods sold for March. 2. Calculate Abigail Ford's cost of goods sold for March. 3. What is Abigail Ford's gross profit on the March income statement? 4. Calculate Abigail Ford's inventory balance on the March 31 balance sheet

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