Using the specific identification method: Date Units purchased Cost...
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Accounting
Using the specific identification method:
| Date | Units purchased | Cost per unit | Ending inventory | ||
| March 1 | 15 Xboxs 360 | $ | 275 | 2 Xboxs from March | |
| April 1 | 45 Xboxs 360 | 250 | 15 Xboxs from April | ||
| May 1 | 60 Xboxs 360 | 240 | 12 Xboxs from May | ||
a. Calculate the ending inventory.
Ending inventory $
b. Calculate the cost of goods sold.
Cost of goods sold $
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