sweetkendra
Nov 26, 2007, 10:47 AM
This is what I was given to answer: Use this inventory information for the month of June to answer the following question.
June 1 Beginning inventory 10 units @<hidden> $120
5 Purchase 60 units @<hidden> $112
14 Sale 40 units
21 Purchase 30 units @<hidden> $116
30 Sale 28 units
What is cost of goods sold under the Specific Identification Method?Assuming the periodic method was used
a) More information is needed.
b) $3,704
c) $7,696
d) $7,736
Please help
June 1 Beginning inventory 10 units @<hidden> $120
5 Purchase 60 units @<hidden> $112
14 Sale 40 units
21 Purchase 30 units @<hidden> $116
30 Sale 28 units
What is cost of goods sold under the Specific Identification Method?Assuming the periodic method was used
a) More information is needed.
b) $3,704
c) $7,696
d) $7,736
Please help





