Essay
A beginning inventory and purchases of desks follow: 
The company sold 11 units from beginning inventory, 16 units from the first purchase, and 21 units from the second purchase.
Required: Determine the (a) cost of an ending inventory and (b) Cost of Goods Sold under the specific invoice method. Round to two decimal places if required.
Correct Answer:
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a) Ending Inventory: (4 × $10)...View Answer
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Correct Answer:
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