Solved: A company had the following purchases during its first year, Accounting Basics

A company had the following purchases during its first year

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

PurchasesJanuary:29 units at $110February:39 units at $121May:34 units at $133September:31 units at $141November:29 units at $151

On December 31, there were 54 units remaining in ending inventory. These 54 units consisted of 11 from January, 12 from February, 7 from May, 10 from September, and 14 from November. Using the specific identification method, what is the cost of the ending inventory?

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Accounting Basics: A company had the following purchases during its first year

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Accounting Basics: A company had the following purchases during its first year

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