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A company made the following purchases during the year: Jan. 10 Mar. 15 Apr. 25 July 30 Oct. 10 15 16 3 12 6 3
A company made the following purchases during the year: Jan. 10 Mar. 15 Apr. 25 July 30 Oct. 10 15 16 3 12 6 3 units at $360 units at $390 units at $420 units at $450 units at $480 N On December 31, there were 27 units in ending inventory. These 27 units consisted of: 4 from the January 10 shipment 6 from the March 15 shipment 3 from the April 25 shipment 12 from the July 30 shipment 2 from the October 10 shipment. Using specific identification, calculate the cost of the ending inventory
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