loader  Loading... Please wait...

Question(s) / Instruction(s):

A company had the following purchases during the current year:
January:     10 units at $120
February:     20 units at $130
May:         15 units at $140
September:     12 units at $150
November:     10 units at $160
On December 31, there were 26 units remaining in ending inventory. These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?
a)    $3,500
b)    $3,800
c)    $3,960
d)    $3,280
e)    $3,640

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494