The june 15 sale consists of 3 fishing reels from beginning, Ask an Expert

Accounting

Calculate ending inventory and cost of goods sold at June 30, 2012, using the specific identification method. The June 7 sale consists of fishing reels from beginning inventory, the June 15 sale consists of 3 fishing reels from beginning inventory and 11 fishing reels from the June 12 purchase, and the June 27 sale consists of 1 fishing reel from beginning inventory and 6 fishing reels from the June 24 purchase.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9441740

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