question archive XYZ Company had the follow purchases and sales information during the month of September fatemie 15 units purchased at $15 per unit Ons were purchased at $20 per unit ho units werd XY Company of its from September 4, and units from September trung the specific identification entory coste method what is the cost of the ending motory 0A $300 $225
XYZ Company had the follow purchases and sales information during the month of September fatemie 15 units purchased at $15 per unit Ons were purchased at $20 per unit ho units werd XY Company of its from September 4, and units from September trung the specific identification entory coste method what is the cost of the ending motory 0A $300 $225
Subject:FinancePrice:2.86 Bought7
XYZ Company had the follow purchases and sales information during the month of September fatemie 15 units purchased at $15 per unit Ons were purchased at $20 per unit ho units werd XY Company of its from September 4, and units from September trung the specific identification entory coste method what is the cost of the ending motory 0A $300 $225
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
If 6 units are sold from September 4th purchases, units held in Inventory is (15-6) = 9 units
If 4 units are sold from September 23th purchases, units held in Inventory is (30-4) = 26 units
Cost of ending inventory = (9 units * $15) + (26 units * $20)
Cost of ending inventory = $655
So, The cost of Ending inventory using specific-identification method is $655
