October 26 purchase. Using the specific identification method, calculate the following. a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory Units. Date Cost Per Unit # of units sold Cost Per Unit Cost Per Unit Ending Inventory Cost Activity #of units COGS January 1 March 14 Beginning Inventory 270 Purchase 400 July 30 Purchase 470 October 26 Purchase 170 1,310 b) Gross Margin using Specific Identification Less: Equals
October 26 purchase. Using the specific identification method, calculate the following. a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory Units. Date Cost Per Unit # of units sold Cost Per Unit Cost Per Unit Ending Inventory Cost Activity #of units COGS January 1 March 14 Beginning Inventory 270 Purchase 400 July 30 Purchase 470 October 26 Purchase 170 1,310 b) Gross Margin using Specific Identification Less: Equals
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 44E: Perpetual and Periodic Inventory Systems Below is a list of inventory systems options. a. Perpetual...
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