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Assume that Widgets, Inc. uses a perpetual specific identification inventory system. During the period, it sold 4 units from beginning inventory, 8 units from the Jan. 5 purchase, and 2 units from the Jan. 29 purchases. Calculate the dollar value of its cost of goods sold for the period.

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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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