Use this information to answer the following question. Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory, cost of goods sold is
A) $221.
B) $418.
C) $338.
D) $445.

Question

Use this information to answer the following question.  Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory, cost of goods sold is
A) $221. 
B) $418. 
C) $338. 
D) $445.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory, cost of goods sold is
A) $221. 
B) $418. 
C) $338. 
D) $445.

Use This Information to Answer the Following Question