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A Company Made the Following Purchases During the Year On December 31, There Were 27 Units in Ending Inventory

Question 135

Essay

A company made the following purchases during the year:
 Jar. 10 15 units at $360 Mar. 15 25 units at $390 Apr. 25 10 units at $420 July 30 20 units at $450 Oct. 10 15 units at $480\begin{array} { | l | l | l | } \hline \text { Jar. 10 } & 15 & \text { units at } \$ 360 \\\hline \text { Mar. 15 } & 25 & \text { units at } \$ 390 \\\hline \text { Apr. 25 } & 10 & \text { units at } \$ 420 \\\hline \text { July 30 } & 20 & \text { units at } \$ 450 \\\hline \text { Oct. 10 } & 15 & \text { units at } \$ 480 \\\hline\end{array} On December 31, there were 27 units in ending inventory. These 27 units consisted of 4 from the January 10 shipment, 25 from the March 15 shipment, 10 from the April 25 shipment, 20 from the July 30 shipment, and 15 from the October 10 shipment. Using specific identification, calculate the cost of the ending inventory.

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