Based on the inventory system being used and the sales and purchases during the period, the dollar value of the cost of goods sold is $204.
What is the dollar value of the cost of goods sold?
The cost of goods sold is:
= Beginning inventory + Purchase on Jan.5 + Purchase on Jan 29
Solving gives:
= (4 x 12 per unit) + (8 x 15 per unit) + (2 x 18 per unit)
= 48 + 120 + 36
= $204
Find out more on the specific identification inventory system at https://brainly.com/question/15082332.
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