Using the specific identification method: Date Units purchased Cost per unit Ending inventory June 1 12 Echo Show’s 360 $ 272 2 Echo Show’s from June July 1 52 Echo Show’s 360 247 11 Echo Show’s from July August 1 65 Echo Show’s 360 237 8 Echo Show’s from August a. Calculate the ending inventory ____________ ? b. Calculate the cost of goods sold _____________ ?
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Using the specific identification method:
| Date | Units purchased | Cost per unit | Ending inventory | ||
| June 1 | 12 Echo Show’s 360 | $ | 272 | 2 Echo Show’s from June | |
| July 1 | 52 Echo Show’s 360 | 247 | 11 Echo Show’s from July | ||
| August 1 | 65 Echo Show’s 360 | 237 | 8 Echo Show’s from August | ||
a. Calculate the ending inventory ____________ ?
b. Calculate the cost of goods sold _____________ ?
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