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.

---

Definitions:

HR Release

A document or announcement by the Human Resources department that typically communicates decisions, policy updates, or information relevant to employees.

Employee Information

Consists of personal and employment-related data about an employee, such as contact details, employment history, qualifications, and performance records.

Outside Persons

Individuals who are not employees or directly associated with an organization but may interact with it or have an interest in its activities.

Employee Health Records

Documents that contain information about an employee's health history, including injuries, illnesses, and medical conditions, often for compliance and safety reasons.