On January 3, Piano Company purchased three electronic pianos, model EBS, for $1,000 each. On January 20, it purchased t
Posted: Wed Jul 06, 2022 6:10 am
On January 3, Piano Company purchased three electronic pianos,model EBS, for $1,000 each. On January 20, it purchased twoadditional model EBS electronic pianos for $1,200 each. On January25, it sold two pianos; one that had been purchased on January 3,and one that had been purchased on January 20. Calculate the costof goods sold for the month and ending inventory on January 31using specific identification.
Date Jan. 3 Total Units PURCHASES Cost Total COST OF GOODS SOLD Cost Total Units Units BALANCE Cost Total
- On January 3 Piano Company Purchased Three Electronic Pianos Model Ebs For 1 000 Each On January 20 It Purchased T 1 (15.18 KiB) Viewed 10 times