Business, 31.05.2020 01:02 kneari

During 2021, a company sells 170 units of inventory for $57 each. The company has the following inventory purchase transactions for 2021:DateTransactionNumber Of UnitsUnit CostTotal Cost Jan.1Beginning inventory52$42$2,184May5Purchase105 414,305Nov.3Purchase76403,040233$9, 529Actual sales by the company include its entire beginning inventory, 85 units of inventory from the May 5 purchase, and 33 units from the November 3 purchase. Calculate cost of goods sold and ending inventory for 2021 assuming the company uses specific identification.

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During 2021, a company sells 170 units of inventory for $57 each. The company has the following inve...

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