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A company just began business and made the following four inventory purchases in June: June 1 126 units $830 June 10 168 units 1128 June
A company just began business and made the following four inventory purchases in June:
June 1 126 units $830
June 10 168 units 1128
June 15 168 units 1152
June 28 126 units 892
For a total amount of $4002
A physical count of merchandise inventory on June 30 reveals that there are 170 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
a. $1203.
b. $1157.
c. $1120.
d. $1141.
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