Klinc Company uses a perpetual inventory system and had the following inventory transactions for the month of June:
The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase.
-Refer to the information provided for Klinc Company. What is the cost of ending inventory at June 30th under the specific identification method?

Question

Klinc Company uses a perpetual inventory system and had the following inventory transactions for the month of June:
  The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase.
-Refer to the information provided for Klinc Company. What is the cost of ending inventory at June 30th under the specific identification method?

Quizplus · Accepted Answer

The Answer of Klinc Company uses a perpetual inventory system and had the following inventory transactions for the month of June:
  The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase.
-Refer to the information provided for Klinc Company. What is the cost of ending inventory at June 30th under the specific identification method?

Klinc Company Uses a Perpetual Inventory System and Had the Following