A Company Made the Following Purchases During the Year On December 31, There Were 27 Units in Ending Inventory
A company made the following purchases during the year:
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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