Question
Osmo Equipment has the following items in its inventory on August 1. Serial Number Cost VSD12021 $11,300 VJD13453 $10,900 VLD6543 $12,200 VRD6243 $8,600 The company
Osmo Equipment has the following items in its inventory on August 1.
| Serial Number | Cost |
| VSD12021 | $11,300 |
| VJD13453 | $10,900 |
| VLD6543 | $12,200 |
| VRD6243 | $8,600 |
The company uses the specific-unit-cost method for costing inventory. During August, it sold units VSD12021 and VRD6243 for $15,000 each and purchased unit VTD15421 for $11,200.
What is the value of the ending inventory at August 31?
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768632
