Solution-Find the ending inventory and cost of goods sold

Find the ending inventory and cost of goods sold

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Reference no: EM132576283

Question - In July, Unique Jewels Company purchased the following items: Date Purchased # Rings Cost per ring Jul. 2 1 $15,000 Jul 5 2 9,250 Jul 10 1 750 Jul 19 3 12,500 Jul 20 4 945 On July 22, one ring from the July 2 purchase was sold for $19,500 and 2 rings from the July 20 purchase were sold for $1,520 each. All sales and purchases are made on credit.

Instructions - Find the ending inventory and cost of goods sold using specific identification.

Reference no: EM132576283

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Find the ending inventory and cost of goods sold

Reference no: EM132576283

Reference no: EM132576283

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