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.
Correct Answer:
Verified
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