A Company Had the Following Purchases During the Current Year

question 30

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:

Vegetation

Plant life or total plant cover in an area, contributing to the habitat's ecosystem and providing resources for wildlife.

Correlated

When two or more variables are related in a way that changes in one variable mirror or are associated with changes in another.

Species Diversity

The variety of different species that exist within a specific ecological community or ecosystem.

Environmental Stress

Physical, chemical, and biological constraints on the productivity and survival of organisms, often leading to adaptive responses.