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A company had the following purchases during the current year: January: 42 units at $125 February: 52 units at $135 May: 47 units at $145
A company had the following purchases during the current year: |
January: | 42 units at $125 |
February: | 52 units at $135 |
May: | 47 units at $145 |
September: | 44 units at $155 |
November: | 42 units at $165 |
On December 31, there were 106 units remaining in ending inventory. These 106 units consisted of 18 from January, 20 from February, 22 from May, 20 from September and 26 from November. Using the specific identification method, what is the cost of the ending inventory?
$15,230
$15,530
$16,430
$14,310
$15,370
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