Homework answers / question archive / A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $130 May: 15 units at $140 September: 12 units at $150 November: 10 units at $160 On December 31, there were 26 units remaining in ending inventory

A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $130 May: 15 units at $140 September: 12 units at $150 November: 10 units at $160 On December 31, there were 26 units remaining in ending inventory

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A company had the following purchases during the current year:

January: 10 units at $120

February: 20 units at $130 May: 15 units at $140 September: 12 units at $150 November: 10 units at $160

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