# Specific identification method_Inventory valuation

Question # 00005247 Posted By: ACCOUNTS_GURU Updated on: 12/12/2013 11:55 PM Due on: 12/31/2014
Subject Accounting Topic Accounting Tutorials:
Question
 A company had the following purchases during the current year:

 January: 18 units at \$128 February: 28 units at \$138 May: 23 units at \$148 September: 20 units at \$158 November: 18 units at \$168

 On December 31, there were 58 units remaining in ending inventory. These 58 units consisted of 10 from January, 12 from February, 14 from May, 12 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?

 \$= 6,928. \$7,004. \$8,584. \$8,752. \$8,416.
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1. ## Solution: Specific identification method_Inventory valuation

Tutorial # 00005052 Posted By: ACCOUNTS_GURU Posted on: 12/12/2013 11:57 PM
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