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A company had the following purchases during its first year of operations: January: February: May: September: November: Purchases 14 units at $124 24 units at
A company had the following purchases during its first year of operations: January: February: May: September: November: Purchases 14 units at $124 24 units at $134 19 units at $144 16 units at $154 14 units at $164 On December 31, there were 46 units remaining in ending Inventory. These 46 units consisted of 6 from January, 8 from February, 10 from May, 8 from September, and 14 from November. Using the specific identification method, what is the cost of the ending inventory? $6,948. $6,784. $5,860
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