I need to check to see if my answer to a problem is correct.
Determine the ending inventory cost?
jan.1 beg. Inventory... 50 units at @$20
7 purchase... 200 units @$22
feb.10 purchase... 130 units @ $23
mar.5 purchase... 180 units @ $24
23 purhcase... 100 units @ $26

My answer is $5410 ending inventory.. is this correct??

Since they are all purchases...

jan.1 beg. Inventory... 50 units at @$20 = 1,000
7 purchase... 200 units @$22 = 4,400
feb.10 purchase... 130 units @ $23 = 2,990
mar.5 purchase... 180 units @ $24 = 4,320
23 purhcase... 100 units @ $26 = 2,600

Ending Inventory = 1,000 + 4,400 + 2,990 + 4,320 + 2,600 = 15,310