Answer:
The cost of ending inventory is $12,360
Step-by-step explanation:
In the specific Identity method, the items are values by identifying each unit and its relevant cost.
As per the given data
28 units of Ending inventory comprised of
2 from the January 10 purchase
3 from the March 15 purchase
4 from the April 25 purchase
11 from the July 30 purchase, and
8 from the October 10 purchase
The ending Inventory will be valued as follow
Ending Inventory = ( 2 units x $360 ) + ( 3 units x $390 ) + ( 4 units x $420 ) + ( 11 units x $450 ) + ( 8 units x $480 ) = $720 + $1,170 + $1,680 + $4,950 + $3,840 = $12,360