Using the specific identification method a Calculate the ending inventory b Calculate the cost of goods sold Date Units purchased Cost per unit Ending inventory June 1 14 Echo Shows 360 $ 284 4 Echo Shows from June July 1 50 Echo Shows 360 259 10 Echo Shows from July August 1 68 Echo Shows 360 249 ...

Using the specific identification method: a. Calculate the ending inventory. b. Calculate the cost of goods sold.

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Using the specific identification method:

a. Calculate the ending inventory.

b. Calculate the cost of goods sold.

Date	Units purchased	Cost per unit		Ending inventory
June 1	14 Echo Show’s 360	$	284	4 Echo Show’s from June
July 1	50 Echo Show’s 360		259	10 Echo Show’s from July
August 1	68 Echo Show’s 360		249	7 Echo Show’s from August

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Financial Accounting

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Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Posted Date: Aug 31, 2022 05:29 AM

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Using the specific identification method: a. Calculate the ending inventory. b. Calculate the cost of goods sold.

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Financial Accounting

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