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A company made the following purchases during the year: Jan 10 - 15 units @ $360 each Mar 15 - 25 units @ $390 each
A company made the following purchases during the year:
Jan 10 - 15 units @ $360 each
Mar 15 - 25 units @ $390 each
April 25 - 10 units @ $425 each
July 30 - 20 units @ $450 each
Oct. 10 -15 units @ $480 each
On December 31, there were 28 units in ending inventory. These 28 units consisted of 1 from the January 10 purchase, 2 from the March 15 purchase, 5 from the April 25 purchase, 15 from the July 30 purchase, and 5 from the October 10 purchase. Using specific identification, calculate the cost of the ending inventory.
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