A Company Had the Following Purchases During the Current Year

question 64

Multiple Choice

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

Lifetime Incidence

The proportion of a population that at any point in their life has experienced a particular disease or condition.

Syndromes

Medical conditions characterized by a set of concurrent symptoms that suggest a particular disorder.

Identified Physical Cause

The discoverable and specific physical reason behind a symptom or disease.

Back Pain Patients

Individuals suffering from discomfort or distress in the lower, upper, or entire back, often requiring medical attention for management.