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A company just starting business made the following four inventory purchases in June: June 1: Purchased 150 units for total cost of $430 June 10:
A company just starting business made the following four inventory purchases in June: June 1: Purchased 150 units for total cost of $430 June 10: Purchased 160 units for total cost of $595 June 15: Purchased 160 units for total cost of $640 June 28: Purchased 180 units for total cost of $220 Total cost of all inventory purchases in June = $1,885 A physical count of inventory on June 30 reveals that there are 250 units left on hand. Using the AVERAGE-COST inventory method, what is the amount allocated to ending inventory on June 30 is? $725 O $620 O $802 O $1329
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