Dittner Inc On July 31, Only Inventory Items 006, 008, and 010

Dittner Inc. opened for business on July 1, 2013 selling unique jewelry purchased from local artisans. During the month the company made the following purchases: $$\begin{array} { | l | l | r | } \hline \text { Date } & \text { Inventory Tag Number } & \text { Cost } \\\hline \text { July 1 } & 001 & \$ 1,500 \\\hline \text { July 3 } & 002 & 600 \\\hline \text { July 5 } & 003 & 1,200 \\& 004 & 2,300 \\\hline \text { July 10 } & 005 & 400 \\\hline \text { July 13 } & 006 & 1,115 \\& 007 & 3,900 \\\hline \text { July 26 } & 008 & 900 \\& 009 & 1,700 \\\hline \text { July 31 } & 010 & 2,225 \\\hline\end{array}$$ On July 31, only inventory items 006, 008, and 010 remained in inventory. Requirements:
(a) Determine the cost of goods sold for Harris Inc. for the month of July using the specific identification cost determination method.
(b) Discuss whether or not specific identification is an appropriate cost determination method for this company.