January: 7 units at $105
February: 12 units at $130
May: 13 units at $130
October:">
A company had the following purchases during the current year;January:

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Question

"A company had the following purchases during the current year
January: 7 units at $105
February: 12 units at $130
May: 13 units at $130
October: 14 units at $110
November: 13 units at $140
On December 31, there were 23 units remaining in ending inventory. These 23 units consisted of 2 from January, 5 from February, 5 from May, 6 from October, and 5 from November. Using the specific identification method, what is the cost of the ending inventory?
$2,870
$2,720
$1,515
$3,985
$3,220"

 

Solution ID:436764 | This paper was updated on 26-Nov-2015

Price : $25
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