A beginning inventory and purchases of computer parts follow: 
The company sold 20 units from beginning inventory, 5 units from the first purchase, and 18 units from the second purchase.
Required: Determine the (a) cost of an ending inventory and (b) Cost of Goods Sold under the specific invoice method. Round to two decimal places if required.
Definitions:
Quantity Restriction
Limits on the amount of a particular good that can be produced, sold, or purchased.
Price Control
Government-imposed limits on the prices charged for goods and services in a market, often aimed at maintaining affordability or curbing inflation.
Deadweight Losses
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is unattainable.
Quotas
Predetermined limits set on the quantity of goods that can be produced, imported, or exported.
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