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Awesome Furbiture uses the specific identification method of determining ending inventory and
cost of goods sold. Awesome purchased 1 tables at $390 each, 2 tables at $395 each, and 4 tables
at $400 each. What is the cost of ending merchandise inventory for the month if 2 tables were
sold that cost $395 each and 1 tables were sold that cost $400 each?

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Awesome Furbiture uses the specific identification method of determin.pdf

  • 1. Awesome Furbiture uses the specific identification method of determining ending inventory and cost of goods sold. Awesome purchased 1 tables at $390 each, 2 tables at $395 each, and 4 tables at $400 each. What is the cost of ending merchandise inventory for the month if 2 tables were sold that cost $395 each and 1 tables were sold that cost $400 each?