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A Company Had the Following Purchases During the Current Year

Question 114

Multiple Choice

A company had the following purchases during the current year: A company had the following purchases during the current year: 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 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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