A company had the following purchases during its first year of operations: On December 31,there were 26 units remaining 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?
A)$3,500.
B)$3,800.
C)$3,960.
D)$3,280.
E)$3,640.

Question

A company had the following purchases during its first year of operations:  On December 31,there were 26 units remaining 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?
A)$3,500. 
B)$3,800. 
C)$3,960. 
D)$3,280. 
E)$3,640.

Quizplus · Accepted Answer

The Answer of A company had the following purchases during its first year of operations:  On December 31,there were 26 units remaining 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?
A)$3,500. 
B)$3,800. 
C)$3,960. 
D)$3,280. 
E)$3,640.

A Company Had the Following Purchases During Its First Year