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question a company made thefollowing purchases during the year jan 10 15 units 360 e 4288535

Question

A company made thefollowing purchases during the year:

Jan 10: 15 units @360 each

Mar 25: 25 units@390 each

April 25: 10 units@ 420 each

July 30: 20 units @450 each

Oct 10: 15 units @480 each

On December 31,there were 28 units in ending inventory. These 28 units consistedof 1 from the January 10 shipment, 2 from the March 15 shipment, 5from the April 25 shipment, 15 from the July 30 purchase, and 5from the October 10 purchase. Using specific identification,calculate the cost goods sold and ending inventory for theyear.  (Note: Answers do not differusing the periodic inventory system)

 

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