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A company had the following purchases during the current year: January: 38 units at $130 February: 48 units at $140 May: 43 units at $150
A company had the following purchases during the current year: |
January: | 38 units at $130 |
February: | 48 units at $140 |
May: | 43 units at $150 |
September: | 40 units at $160 |
November: | 38 units at $170 |
On December 31, there were 96 units remaining in ending inventory. These 96 units consisted of 16 from January, 18 from February, 20 from May, 18 from September and 24 from November. Using the specific identification method, what is the cost of the ending inventory? |
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