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A company just starting business made the following four inventory purchases in June: June 1 120 units $420 June 10 150 units 600 June 15
A company just starting business made the following four inventory purchases in June:
June 1 | 120 units | $420 |
June 10 | 150 units | 600 |
June 15 | 150 units | 570 |
June 28 | 200 units | 270 |
|
| $1860 |
A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
$612.
$1260.
$780.
$630.
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