system and had the following inventory transactions for the month of June:

The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase.
-Klinc Company Klinc Company uses a perpetual inventory Refer to the information provided for Klinc Company.What is the cost of goods sold for June under the specific identification method?

Question

system and had the following inventory transactions for the month of June:

The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase.
-Klinc Company Klinc Company uses a perpetual inventory Refer to the information provided for Klinc Company.What is the cost of goods sold for June under the specific identification method?

Quizplus · Accepted Answer

The specific identification method assigns the cost of each specific item sold to the sale of that item. Under this method, the cost of goods sold for June is $2,230.

System and Had the Following Inventory Transactions for the Month