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A company had the following purchases during its first year of operations: On December 31,...

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Accounting

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

On December 31, there were 51 units remaining in ending inventory. These 51 units consisted of 7 from January, 9 from February, 11 from May, 9 from September, and 15 from November. Using the specific identification method, what is the cost of the ending inventory?

Purchases
January: 15 units at $125
February: 25 units at $135
May: 20 units at $145
September: 17 units at $155
November:

15 units at $165

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