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Business, 21.07.2020 21:01 emm16045

A company had the following purchases during its first year of operations: January: 17 units at $127
February: 27 units at $137
May: 22 units at $147
September: 19 units at $157
November: 17 units at $167

On December 31, there were 61 units remaining in ending inventory. These 61 units consisted of 9 from January, 11 from February, 13 from May, 11 from September, and 17 from November. Using the specific identification method, what is the cost of the ending inventory?

a. $8,960.
b. $7,620.
c. $9,294.
d. $9,127.
e. $7,714.

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Answers: 3

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