help w accounting!

Save Question 17 (3 points) A company had the following purchases during the current year: January10 unitsat $120 Fdbruary 20 units at $130 May September: 12 units at $150 November 10 units at $160 15 units at $140 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? 1) $3.500 2$3800 3) 53.960 4)$3.280 Save Question 18 (3 points) Generally accepted accounting principles require that the inventory of a company be reported at 1) Market value 2) Historical cost. 3) Lower of cost or market 4) Replacement cost