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Artworks sold canvases and had $1,110 in goods available for sale. The end-of-period inventory count...

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Accounting

Artworks sold canvases and had $1,110 in goods available for sale. The end-of-period inventory count of canvases revealed the following:

Cost per unitTotal Cost10 units from May 1$5.50$55.0020 units from June 30$6.25$125.00Cost of ending inventory$180.00

Given the above information, what is Artworks cost of goods sold using the specific identification method?

Multiple choice question.

$930

$1,290

$1,110

$180

Answer & Explanation Solved by verified expert
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