L.A. Sports Novelties has the following information related to purchases and sales of one of its popular products, autographed photographs of the local lacrosse star, Christian Chance. Each photograph is unique, so the inventory is accounted for under the specific identification method.
A review of purchase and sale information reveals that the following units remain in ending inventory at the end of the month:
Description Units Sold Units Remaining

Compute cost of goods sold and cost of ending inventory.

Question

L.A. Sports Novelties has the following information related to purchases and sales of one of its popular products, autographed photographs of the local lacrosse star, Christian Chance. Each photograph is unique, so the inventory is accounted for under the specific identification method.  
A review of purchase and sale information reveals that the following units remain in ending inventory at the end of the month:
Description Units Sold Units Remaining
 
 Compute cost of goods sold and cost of ending inventory.

Quizplus · Accepted Answer

The Answer of L.A. Sports Novelties has the following information related to purchases and sales of one of its popular products, autographed photographs of the local lacrosse star, Christian Chance. Each photograph is unique, so the inventory is accounted for under the specific identification method.  
A review of purchase and sale information reveals that the following units remain in ending inventory at the end of the month:
Description Units Sold Units Remaining
 
 Compute cost of goods sold and cost of ending inventory.

LA Sports Sports Novelties Has the Following Information Related to Purchases