A company had the folowing purchases during its frst year of

A company had the folowing purchases during its frst year of operations Februarys 40 unis at s120 SeptenbeE32uits a $14 Os December 31 here were 59 unts nemaning in ending inventory These 59 units consisted of 12 from January, 13 tom February, 8 trom Moy, lf form Septemben and 15 trom November Using the specific idenicetion method, what s the cost of the ending inventory Mulple Choice 3 9

Solution

Units Per unit cost Amount January 12 109 1308 February 13 120 1560 May 8 132 1056 September 11 140 1540 November 15 150 2250 Total 59 7714