Question
A company had the following purchases during the current year: January: 44 units at $130 February: 54 units at $140 May: 49 units at $150
A company had the following purchases during the current year:
| January: | 44 units at $130 |
| February: | 54 units at $140 |
| May: | 49 units at $150 |
| September: | 46 units at $160 |
| November: | 44 units at $170 |
On December 31, there were 111 units remaining in ending inventory. These 111 units consisted of 19 from January, 21 from February, 23 from May, 21 from September and 27 from November. Using the specific identification method, what is the cost of the ending inventory?
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Accounts Book Self Employed Simple Bookkeeping Record Book For Sole Trader And Small Businesses
Authors: Meskin Logs
B0CFCQ1K17
