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A company just starting business made the following four inventory purchases in June: Number of units Date purchased June 1 140 units June 10 210

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A company just starting business made the following four inventory purchases in June: Number of units Date purchased June 1 140 units June 10 210 units June 15 210 units June 28 150 units Total cost $ 370 575 630 200 $1775 A physical count of merchandise inventory on June 30 reveals that there are 270 units on hand. Using the average-cost method, the amount allocated to the ending Inventory on June 30 is $726. $1279. $590. $675

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