Jan: 10 units at $ 120
Business, 14.04.2020 17:59 Lovescats9191
A company had the following purchases during the current year:
Jan: 10 units at $ 120
Feb: 20 units at $130
May: 15 units at $140
Sep: 12 units at $150
Nov: 10 units at $160
On December 31, there were 29 units remaining in ending inventory. These 29 units consisted of 1 from March, 6 from April, 5 from June, 9 from October, and 8 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.
Answers: 3
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A company had the following purchases during the current year:
Jan: 10 units at $ 120
Jan: 10 units at $ 120
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