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

question 141

Essay

A company made the following purchases during the year:
$\begin{array}{|l|l|l|l|}\hline \text { Jan. } 10 & 15 & \text { units at } & \$ 360 \text { each } \\\hline \text { Mar. } 15 & 25 & \text { units at } & \$ 390 \text { each } \\\hline \text { Apr. } 25 & 10 & \text { units at } & \$ 420 \text { each } \\\hline \text { July } 30 & 20 & \text { units at } & \$ 450 \text { each } \\\hline \text { Oct. } 10 & 15 & \text { units at } & \$ 480 \text { each } \\\hline\end{array}$

On December 31,there were 28 units in ending inventory.These 28 units consisted of 1 from the January 10 purchase,2 from the March 15 purchase,5 from the April 25 purchase,15 from the July 30 purchase,and 5 from the October 10 purchase.Using specific identification,calculate the cost of the ending inventory.

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Definitions:

Conduct

The manner in which a person behaves, especially in a particular place or situation.

Laissez-faire Leadership

A leadership style characterized by minimal direct supervision, where leaders provide tools and resources but allow employees to solve problems on their own.

Bureaucracy

An organizational structure characterized by standardized procedures, hierarchy of authority, and a clear division of labor, often resulting in an impersonal relationship between workers.

Leadership

Leadership is the process or ability of an individual or group to guide, influence, or direct others towards achieving a common goal or objective, often involving strategic thinking, decision-making, and interpersonal skills.