Required information 10 units Aug Aug. Beginning invertory ... Purchases... 10 units 15 units 91 - 910 $106 - $1,500 25 units 20 units 130 25 units Aug. 17 Aug 26 Purchases...... .. Purchases ................. 20 units 10 units $115 $2,300 $119 - $1,190 150 12 units 23 i 43 units 55 units $5.950 $5.990 Total cost of 55 units available for sale Cost of goods sold Aug. 14 ( 8 891) + (12 0 $106) ........................... ....... $2,000 Aug 30 (2 991) $106) (15 $115) + ( 3 5119).... 2,582 Ending inventory ........ . 4,582 $1.400 Knowledge Check 01 A company uses a periodic inventory system. On August the company had 6 Items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the Augusto purchase and 5 units from the August 1 beginning inventory. Using specific identification, the cost of the 12 units sold is