Answer:
$5,675
Step-by-step explanation:
Answer:
Step-by-step explanation:
Calculation for the cost of the ending inventory using specific identification method.
Using this formula
Cost of ending inventory =
(January units ×January cost) +( February units ×February cost) + (May units × May cost) + (September units ×September cost) + (November units × November cost)
Cost of ending inventory =
January 5 units ×$116=$580
February 6 units ×$127=$762
May 10 units ×$139=$1,390
September 4 units ×$147=$588
November 15 units×$157=$2,355
Total =$5,675
Therefore the ending inventory using the specific identification method will be $5,675
