Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold 1 of the diamonds that was purchased on July 9. Using periodic specific identification, its Cost of Goods Sold is

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11-07-2022
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Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold 1 of the diamonds that was purchased on July 9. Using periodic specific identification, its Cost of Goods Sold is

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-18T18:43:11+02:00

Delta Diamonds had 5 one-carat diamonds available for sale this year: Using periodic specific identification, its Cost of Goods Sold is $600 . This is further explained below.

What are diamonds?

Generally, having a diamond cubic crystal structure, a diamond is a solid form of the element carbon. For the sake of this exercise, we will assume that the temperature and pressure are both

In conclusion,This year, Delta Diamonds offered five one-carat stones for purchase. The company's Cost of Goods Sold is $600 every period thanks to its use of precise periodic identification.