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5 Use the following information to answer the question: A company just starting its business made the following four inventory purchases in June: Date Number

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5 Use the following information to answer the question: A company just starting its business made the following four inventory purchases in June: Date Number of Units Total Cost ut of 10 June 1 150 estion $480 June 10 200 660 Finish June 15 200 680 Timel June 28 150 525 On June 25, the company made its first sale when a local custome purchased 500 units for $3,500. The company uses a perpetual inventory system. Using the average cost formula, the cost of the ending inventory on June 30 is: Select one: $1675 $1645.55 O $690.50 $670 Ac GC

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