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A company just starting business made the following four inventory purchases in June: Date Number of Units Total Cost June 1 150 $480 June 10
A company just starting business made the following four inventory purchases in June:
Date Number of Units Total Cost
June 1 150 $480
June 10 200 660
June 15 200 680
June 28 150 525
On June 25, the company made its first sale when a local customer purchased 500 units for $3,500. The company uses a perpetual inventory system.
Using the average cost method, the cost of the ending inventory on June 30 is?
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