Dupont Ltd Uses a Periodic Inventory System with the Specific

Multiple Choice

Dupont Ltd uses a periodic inventory system with the specific identification method of cost assignment. $\begin{array}{lrrr}&\text { Date }&\text {Units }&\text {Unit Cost \$}\\\text { Beginning Inventory } & \text { July 1 } & 1000 & 10 \\\text { Purchase } & 10 & 2000 & 11 \\\text { Purchase } & 20 & 1000 & 13\end{array}$ On 25 July 500 units from beginning inventory and 1500 units from the 10 July purchase were sold.What was the value of ending inventory at 31 July?

A) $10 500
B) $23 500
C) $26 000
D) $34 500