A company just starting business made the following four inventory purchases in June:

A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is

Multiple Choice Question 59 x Your answer is incorrect. Try again. A company just starting business made the following four inventory purchases in June: Number of units purchased Date Total cost June 1 150 units $ 390 250 units June 10 June 15 585 700 250 units June 28 200 units 450 $2125 A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is O $750. $1354. O $870. O $741