onde’s Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of July. The company uses the specific identification method. Date Explanation Model Serial Unit Cost/Price July 1 Beg. inventory Fusion C81362 $22,953 27,786 Mustang G62313 X3892 Flex 29,105 F-150 F1883 23,971 27,380 F-150 F1921 24,015 8 Sales Fusion C81362 30,879 Mustang G62313 15 Purchases Mustang G71811 28,054 26,868 Mustang G71891 X4212 Flex 28,504 29,971 Flex X4214 27,513 Escape E21202 31,410 21 Sales Mustang G71891 Flex X3892 32,408 F-150 F1921 31,281 30,530 Escape E21202 23 Purchases Fusion C81528 25,325 Escape E28268 28,718 Determine the cost of goods sold and ending inventory for the month of July. Cost of Goods Sold Ending Inventory Show transcribed image text onde’s Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of July. The company uses the specific identification method. Date Explanation Model Serial Unit Cost/Price July 1 Beg. inventory Fusion C81362 $22,953 27,786 Mustang G62313 X3892 Flex 29,105 F-150 F1883 23,971 27,380 F-150 F1921 24,015 8 Sales Fusion C81362 30,879 Mustang G62313 15 Purchases Mustang G71811 28,054 26,868 Mustang G71891 X4212 Flex 28,504 29,971 Flex X4214 27,513 Escape E21202 31,410 21 Sales Mustang G71891 Flex X3892 32,408 F-150 F1921 31,281 30,530 Escape E21202 23 Purchases Fusion C81528 25,325 Escape E28268 28,718 Determine the cost of goods sold and ending inventory for the month of July. Cost of Goods Sold Ending Inventory
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