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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Liberty, Inc. has the following list of inventory:

Item   Unit Cost   Selling Price
ELF   $13,257   $20,322
ICF   $6,790    $7,192
CKS         $18,302    $19,773
PCC   $9,394   $11,274
CRD   $27,434   $33,409

Under specific-identification, what is Liberty's cost of goods sold if ICF and CRD were not sold during the current period?
A) $34,224
B) $40,601
C) $40,953
D) $51,369
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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7 years ago
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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#2
6 years ago
Thank you so much

I wish I knew about this years ago
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