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On January 3, Pronghorn Corp. purchased three portable electronic keyboards for $590 each. On January 20, it purchased four more of the same model keyboards for $514 each. During the month, it sold two keyboards; one that Pronghorn purchased on January 3 and one that it purchased on January 20. (a) Calculate the cost of goods sold and ending inventory for the month using specific identification. Cost of goods sold $ Ending inventory

On January 3, Pronghorn Corp. purchased three portable electronic keyboards for $590 each. On January 20, it purchased four more of the same model keyboards for $514 each. During the month, it sold two keyboards; one that Pronghorn purchased on January 3 and one that it purchased on January 20. (a) Calculate the cost of goods sold and ending inventory for the month using specific identification. Cost of goods sold $ Ending inventory

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.2: Writing And Solving Problems
Problem 9C
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On January 3, Pronghorn Corp. purchased three portable electronic keyboards for $590 each. On January 20, it purchased four more of the same model keyboards for $514 each. During the month, it sold two keyboards; one that Pronghorn purchased on January 3 and one that it purchased on January 20. (a) Calculate the cost of goods sold and ending inventory for the month using specific identification. Cost of goods sold Ending inventory $ $
Transcribed Image Text:On January 3, Pronghorn Corp. purchased three portable electronic keyboards for $590 each. On January 20, it purchased four more of the same model keyboards for $514 each. During the month, it sold two keyboards; one that Pronghorn purchased on January 3 and one that it purchased on January 20. (a) Calculate the cost of goods sold and ending inventory for the month using specific identification. Cost of goods sold Ending inventory $ $
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