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2. Alexandria INC.has the following data for inventory for June: Units Unit Cost Total Cost June 1 Beginning inventory 30 $18 $540 June 14 Purchases

2. Alexandria INC.has the following data for inventory for June:

Units Unit Cost Total Cost

June 1 Beginning inventory 30 $18 $540

June 14 Purchases 25 $20 $500

June23 Purchases 45 $21 $945

100 $1985

Records show that 80 units were sold in June. The company uses the average cost method. What is the value of ending inventory as of June30?

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