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A Company Had the Following Purchases During Its First Year

Question 14

Multiple Choice

A company had the following purchases during its first year of operations: A company had the following purchases during its first year of operations: 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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