Use this inventory information for the month of July to answer the following question.
-What is cost of goods sold under the specific identification method?
A)More information is needed.
B)$3,704
C)$7,696
D)$7,736

Question

Use this inventory information for the month of July to answer the following question.  
-What is cost of goods sold under the specific identification method?
A)More information is needed. 
B)$3,704 
C)$7,696 
D)$7,736

Quizplus · Accepted Answer

The specific identification method requires detailed information about which specific items were sold and their individual costs to calculate the cost of goods sold.

Use This Inventory Information for the Month of July to Answer