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7. ABC company has the following: Units........ Inventory, Jan, 1 .5,000 Purchase, April 2 1.15,000 Purchase, Aug. 28 ...... 20,000 Unit Cost 8 10 12

7. ABC company has the following: Units........ Inventory, Jan, 1 .5,000 Purchase, April 2 1.15,000 Purchase, Aug. 28 ...... 20,000 Unit Cost 8 10 12 ABC has 7,000 units on hand at December 31, the cost of ending inventory under the average-cost method is (2 points) 84,000 $56,000 75,250 70,000

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