2-10 !!

The following information was available from the inventory records of Queen Company for July: Units Unit Cost Total Cost Balance at July 1 30,000 2.25 67,500 Purchases: July 6 20,000 2.55 51,000 July 26 27,000 2.60 70,200 Sales: July 7 (25,000) July 31 (40,000) Balance at July 31 12,000 2-9. What is Queen's cost of goods available for sale? a. 19,250. b. 71,200. c. 188,700. d. cannot be determined. 2-10. What should be the inventory reported on Queen's July 31 statement of financial position using the average-cost inventory method (round per unit amounts to two decimal places)? a. 27,000 b. 29,400 c. 29,610. d. 31,500