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

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 1PB: FIFO perpetual inventory The beginning inventory at Dunne Co. and data on purchases and sales for a...

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