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Bridgeport Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10, 2022, at
Bridgeport Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10, 2022, at a cost of $23 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is as follows: Ending inventory units: Dec. 31, 2022 Dec. 31, 2023, by purchase date Dec. 2, 2023 July 20, 2023 130 130 30 160 During 2023, the following purchases and sales were made: Purchases Sales Mar. 15 410 units at $26 Apr. 10 200 July 20 410 units at $28 Aug. 20 310 Sept. 4 230 units at $29 Nov. 18 160 Dec. 2 130 units at $32 Dec. 12 480 The company uses the periodic inventory method. (a1) Your answer is incorrect. Determine ending inventory under specific identification. Ending inventory $
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