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A company had the following purchases during its first year of operations: Purchases January: 13 units at $123 February: 23 units at $133 May: 18
A company had the following purchases during its first year of operations:
Purchases
January: 13 units at $123
February: 23 units at $133 May: 18 units at $143
September: 15 units at $153
November: 13 units at $163
On December 31, there were 41 units remaining in ending inventory. These 41 units consisted of 5 from January, 7 from February, 9 from May, 7 from September, and 13 from November. Using the specific identification method, what is the cost of the ending inventory?
$5860.
$6023.
$5092.
$6186.
$5258.
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