Trekking Company had the following purchases during the year: January 1: 10 units at $120 February
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Question:
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?
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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