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hello2mundo2
Oct 17, 2008, 01:49 PM
Asume the following specific identificatgion, March 14,2007, sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of january 30, 2007. And the sale of august 31 was selected for the remainder of the beginning inventory, with the balance from the purchase of may 1,2007.


Beginning inventory January 1, 2007 -- units 1900 -- units cost $5
Purchase, January -- units 2700 -- units cost $6
sale, march 14 ($9 each) -- units(1400)
purchase, may -- units 1300 -- units cost 11
sale, august 31 ($9 each) -- units(1950)

What is the Ending Inventory?

What is the Cost of goods sold?

Please help me.