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Calculate the cost of goods sold for the month

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Reference no: EM132801914

Question - In October, Crane Company purchased four original paintings for resale for the following amounts: Painting 1, $1,090; Painting 2, $2,190; Painting 3, $3,350; and Painting 4, $4,780. Paintings 3 and 4 were sold during October for $6,680 each. Calculate the cost of goods sold for the month and the ending inventory balance on October 31 using specific identification?

Reference no: EM132801914

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