Use this inventory information for the month of July to answer the following question.
-What is cost of goods sold under the specific identification method?
A)More information is needed.
B)$3,704
C)$7,696
D)$7,736

Question

Use this inventory information for the month of July to answer the following question.  
-What is cost of goods sold under the specific identification method?
A)More information is needed. 
B)$3,704 
C)$7,696 
D)$7,736

Quizplus · Accepted Answer

The specific identification method requires detailed information about each item sold, including its cost. Without this information, the cost of goods sold cannot be determined.

Use This Inventory Information for the Month of July to Answer