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A company just starting business made the following four inventory purchases in June: Date June 1 Number of units purchased Total cost 110 units $

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A company just starting business made the following four inventory purchases in June: Date June 1 Number of units purchased Total cost 110 units $ 410 240 units 570 240 units 680 June 10 June 15 June 28 200 units 710 $2370 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 $861. $900. $1504. $1248

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