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Calculate the cost of the ending inventory

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Reference no: EM132099851

Question - A company made the following purchases during the year:

Jan. 10

15 units at

$360 each

Mar. 15

25 units at

$390 each

Apr. 25

10 units at

$420 each

July 30

20 units at

$450 each

Oct. 10

15 units at

$480 each

On December 31, there were 28 units in ending inventory. These 28 units consisted of 1 from the January 10 purchase, 2 from the March 15 purchase, 5 from the April 25 purchase, 15 from the July 30 purchase, and 5 from the October 10 purchase. Using specific identification, calculate the cost of the ending inventory.

Reference no: EM132099851

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