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Shepherd Company has the following items in its inventory on August 1. Serial Number Cost 6X6A1 $ 10,500 6Y6M5 6B6D8 6R7R5 10,700 9,300 12,000 The
Shepherd Company has the following items in its inventory on August 1. Serial Number Cost 6X6A1 $ 10,500 6Y6M5 6B6D8 6R7R5 10,700 9,300 12,000 The company uses the specific-unit-cost method for costing inventory. During August, it sold units 6X6A1 and 6B6D8 for $15,000 each and purchased unit 6A7M6 for $13,000. What is the value of the ending inventory at August 31? Calculate the ending inventory using the specific-unit-cost method of valuing inventory. What is the ending inventory
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