What is the cost of the ending inventory, Accounting Basics

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What is the cost of the ending inventory

A company had the following purchases during the current year:

January:	44 units at $130
February:	54 units at $140
May:	49 units at $150
September:	46 units at $160
November:	44 units at $170

On December 31, there were 111 units remaining in ending inventory. These 111 units consisted of 19 from January, 21 from February, 23 from May, 21 from September and 27 from November. Using the specific identification method, what is the cost of the ending inventory?

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Accounting Basics: What is the cost of the ending inventory

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Accounting Basics: What is the cost of the ending inventory

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Accounting Basics: What is the cost of the ending inventory

Reference No:- TGS0697267

Recent Questions Asked Accounting Basics

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