A Company Made the Following Purchases During the Year On December 31, There Were 28 Units in Ending Inventory
A company made the following purchases during the year:
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.
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