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A company had the following purchases during its first year of operations: Purchases January: 21 units at $118 February: 31 units at $129 May: 26
A company had the following purchases during its first year of operations:
Purchases | |
January: | 21 units at $118 |
February: | 31 units at $129 |
May: | 26 units at $139 |
September: | 23 units at $149 |
November: | 21 units at $159 |
On December 31, there were 43 units remaining in ending inventory. These 43 units consisted of 3 from January, 4 from February, 8 from May, 15 from September, and 13 from November. Using the specific identification method, what is the cost of the ending inventory?
Multiple Choice
$6,125.
$5,768.
$6,443.
$6,284.
$5,837.
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