A company had the following purchases during its first year of operations: PurchasesJanuary:10 units at $120February:20 units at $130May:15 units at $140September:12 units at $150November:10 units at $160On December 31, there were 26 units remaining in ending inventory. These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?
A. $3,640.
B. $3,500.
C. $3,800.
D. $3,280.
E. $3,960.
Answer: C
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