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

question 152

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.