A company had the following purchases during the current year: 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 the current year:  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 the current year:  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 the Current Year