Trekking Company had the following purchases during the year:
 

January 1:	10 units at $120
February 1:	20 units at $130
May 1:	15 units at $140
September 1:	12 units at $150
November 1:	10 units at $160

On December 31, there were 26 units 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?

Answer rating: 100% (QA)

Purchase Date Units in Ending Inventory Unit Cost Tot... View the full answer