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A Company Had the Following Purchases During the Current Year

Question 85

Multiple Choice

A company had the following purchases during the current year:
 January: 10 units at $120 February: 20 units at $130 May: 15 units at $140 September: 12 units at $150 November: 10 units at $160\begin{array}{|l|l|}\hline \text { January: } & 10 \text { units at } \$ 120 \\\hline \text { February: } & 20 \text { units at } \$ 130 \\\hline \text { May: } & 15 \text { units at } \$ 140 \\\hline \text { September: } & 12 \text { units at } \$ 150 \\\hline \text { November: } & 10 \text { units at } \$ 160\\\hline\end{array}
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

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