On december 31, there were 56 units remaining in ending inventory. these 56 units consisted of 8 from january, 10 from february, 12 from may, 10 from september, and 16 from november. using the specific identification method, what is the cost of the ending inventory?

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.