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A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $130 May: 15 units at $140
A company had the following purchases during the current year:
January: 10 units at $120
February: 20 units at $130
May: 15 units at $140
September: 12 units at $150
November: 10 units at $160
On December 31, there were 26 units remaining in ending inventory. These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?
$3,500.
$3,800.
$3,960.
$3,280.
$3,64
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