A company had the following purchases during its first year ofoperations:
| Purchases |
| January: | 24 units at $115 |
| February: | 34 units at $126 |
| May: | 29 units at $138 |
| September: | 26 units at $146 |
| November: | 24 units at $156 |
|
On December 31, there were 45 units remaining in ending inventory.These 45 units consisted of 6 from January, 7 from February, 11from May, 5 from September, and 16 from November. Using thespecific identification method, what is the cost of the endinginventory?
Multiple Choice
$5,434.
$5,440.
$6,160.
$6,316.
$6,472.
