Classy Jewelers uses the specific identification method of determining ending inventory and cost of goods...
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Accounting
Classy Jewelers uses the specific identification method of determining ending inventory and cost of goods sold. Classy purchased 5 gold necklaces at $360 each, 6 diamond rings at $460 each, and 7 gold bracelets at $310each. What is the cost of ending merchandise inventory for the month if 3 necklaces, 5 rings, and 5 brecelet( 5 ) were sold? A. $1,490 B. $4,930 C. $1,180 D. $1,800
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