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A company just began business and made the following four inventory purchases in June: June 1 123 units $738 June 10 164 units 1312 June
A company just began business and made the following four inventory purchases in June:
June 1 | 123 units | $738 | ||
June 10 | 164 units | 1312 | ||
June 15 | 164 units | 1640 | ||
June 28 | 123 units | 1476 | ||
$5166 |
A physical count of merchandise inventory on June 30 reveals that there are 164 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
a)$1476.
b)$984.
c)$1312.
d)$1968.
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