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Specific identification method_Inventory valuation

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solution


Question

Question;A company had the following purchases during the current year;January;18 units at $128;February;28 units at $138;May;23 units at $148;September;20 units at $158;November;18 units at $168;On December 31, there were 58 units remaining in ending;inventory. These 58 units consisted of 10 from January, 12 from February, 14;from May, 12 from September, and 10 from November. Using the specific;identification method, what is the cost of the ending inventory?;$=;6,928.;$7,004.;$8,584.;$8,752.;$8,416.

 

Paper#38265 | Written in 18-Jul-2015

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