The company uses a perpetual inventory system. for specific identification, ending inventory consists of 280 units, where 260 are from the january 30 purchase, 5 are from the january 20 purchase, and 15 are from beginning inventory.'

Ending Inventory= $1603 and Cost of goods sold= $2087.

Explanation:

Here is the complete question: The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.'

Determine the cost assigned to ending inventory and to cost of goods sold using Specific identification method.

First, lets find out Ending Inventory:

Value of units taken as per the date of purchase.

Ending Inventory=

⇒Ending Inventory=

Opening parenthesis.

∴Ending Inventory= $1603.

Now, finding cost of goods sold.

Cost of goods sold=

Cost of goods sold=

∴ Cost of goods sold= $2087

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer/// equals both average variable cost and average total cost at their respective minimums;