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2 years ago

A company had the following purchases during its first year of operations:

Business

1 answer:

Readme [11.4K]2 years ago

5 0

Answer:

Ending inventory value= $9,127

Explanation:

Giving the following information:

January: 17 units at $127

February: 27 units at $137

May: 22 units at $147

September: 19 units at $157

November: 17 units at $167

<u>Using the specific identification method, we need to multiply each unit for its specific cost.</u>

<u></u>

Ending inventory:

January= 9*127= 1,143

February= 11*137= 1,507

May= 13*147= 1,911

September= 11*157= 1,727

November= 17*167= 2,839

Ending inventory value= $9,127

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