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A company just starting business made the following four inventory purchases in June: June 1 150 units $780 June 10 200 units $1 170 June

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A company just starting business made the following four inventory purchases in June: June 1 150 units $780 June 10 200 units $1 170 June 15 200 units $1260 June 28 150 units $990 TOTAL $4 200 A physical count of inventory on June 30 reveals that there are 250 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is: $1 150. $2 700. $1 500. $4 200

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