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A company had the following purchases during its first year of operations: in January 10 units at $120, in February 20 units at $130, in
A company had the following purchases during its first year of operations: in January 10 units at $120, in February 20 units at $130, in May 15 units at $140, in September 12 units at $150, and in November 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
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