ACC 205 W3 - Assignment

1.      Specific identification method.

a.       Cost of goods sold

Moon                     $4,000

Woods                   $21,000

                                                $25,000

b.      Gross profit

Sales                                  $35,000

Cost of goods sold                        -$25,000

                                          $10,000

c.       Ending Inventory

Total available for sale      $78,000

Cost of goods sold                        -$25,000

                                          $53,000
Powered by