26

A company had the following purchases during its first year of operations: January: February: May: September: November: Purchases 10 units at $120 20 units at $130 15 units at $140 12 units at $150 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? Multiple Choice $3,500. $3,800 (0) $3,500 $3,800. ( 0) $3,960. $3,280. $3,640. (0)