A Company Made the Following Purchases During the Year On December 31,there Were 28 Units in Ending Inventory

question 89

Essay

A company made the following purchases during the year:
$$\begin{array} { | l | l | } \hline \text { Jan.10 } & 15 \text { units @ \$360 each } \\\hline \text { Mar.15 } & 25 \text { units @ \$390 each } \\\hline \text { Apr.25 } & 10 \text { units @ \$420 each } \\\hline \text { July 30 } & 20 \text { units @ 450 each } \\\hline \text { Oct.10 } & 15 \text { units @ \$480 each } \\\hline\end{array}$$
On December 31,there were 28 units in ending inventory.These 28 units consisted of 2 from the January 10 purchase,3 from the March 15 purchase,4 from the April 25 purchase,11 from the July 30 purchase,and 8 from the October 10 purchase.Using specific identification,calculate the cost of the ending inventory.

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