U-Save Automotive Group purchased 10 vehicles during the current month. Two trucks were purchased for ($ 20,000)

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U-Save Automotive Group purchased 10 vehicles during the current month. Two trucks were purchased for \(\$ 20,000\) each, two SUVs were purchased for \(\$ 31,000\) each, and six hybrid cars were purchased for \(\$ 27,000\) each. A review of the sales invoices revealed that five of the hybrid cars were sold and that both trucks were sold. What is the cost of USave's ending inventory if it uses the specific identification method?

a. \(\$ 89,000\)

b. \(\$ 129,000\)

c. \(\$ 135,000\)

d. \(\$ 175,000\)

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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