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MC Qu. 91 A company had the following purchases during... A company had the following purchases during the current year: January: 18 units at $125
MC Qu. 91 A company had the following purchases during...
A company had the following purchases during the current year: |
January: | 18 units at $125 |
February: | 28 units at $135 |
May: | 23 units at $145 |
September: | 20 units at $155 |
November: | 18 units at $165 |
On December 31, there were 46 units remaining in ending inventory. These 46 units consisted of 6 from January, 8 from February, 10 from May, 8 from September and 14 from November. Using the specific identification method, what is the cost of the ending inventory? |
$6,530
$6,830
$6,210
$6,670
$7,130
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