# Calculate ending inventory and cost of goods sold at March 31, using the specific identification method.

Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $250$ 5,000 March 5 Sale ($400 each) 15 March 9 Purchase 10 270 2,700 March 17 Sale ($450 each) 8 March 22 Purchase 10 280 2,800 March 27 Sale ($475 each) 12 March 30 Purchase 9 300 2,700$ 13,200

## Coates inc. experienced the following events in 2014, in its first year of operation: (1) received $20,000 ## Steven and Emily Campbell are planning to open a casual dining restaurant in downtown Akron, Ohio, and ## Roxy operates a dress shop in arlington, virginia. lisa, a maryland resident, comes in for a measurement ## Asap which statement is true? a. as the risk of an investment decreases, the opportunity of gains increases. ## Which tool or feature reduces speckling, dust particles, scratches, and minute light ## FIllmore Company began operations on Sept. 1 by purchasing$6000 of inventory and $600 of cleaning supplies. During the month, ## This Post Has 3 Comments 1. Expert says: The most common form of non profit organisation is 501 (c)(3). 2. Marisajordon16 says: the information regarding the sales was missing, so I looked for similar questions: The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20$ 250 $5,000 March 5 Sale ($400 each) 15

March 9 Purchase 10 270 2,700

March 17 Sale ($450 each) 8 March 22 Purchase 10 280 2,800 March 27 Sale ($475 each) 12

March 30 Purchase 9 300 2,700 $13,200 Cost of good sold under specific identification: March 5 sale =$250 x 15 = $3,750 March 17 sale = 8 x$270 = $2,160 March 27 sale = 12 x$280 = $3,360 total COGS =$9,270

Ending inventory = $13,200 -$9,270 = \$3,930

3. Expert says:

How is this a question and how u need an answer for this