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A company had the following purchases during its first year of operations: Purchases January: 24 units at $115 February: 34 units at $126 May: 29

A company had the following purchases during its first year of operations:

Purchases
January: 24 units at $115
February: 34 units at $126
May: 29 units at $138
September: 26 units at $146
November: 24 units at $156

On December 31, there were 45 units remaining in ending inventory. These 45 units consisted of 6 from January, 7 from February, 11 from May, 5 from September, and 16 from November. Using the specific identification method, what is the cost of the ending inventory?

Multiple Choice

  • $5,434.

  • $5,440.

  • $6,160.

  • $6,316.

  • $6,472.

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