Question
A company just starting business made the following four inventory purchases in June: June 1 150 units $ 210 June 10 200 units 460 June
A company just starting business made the following four inventory purchases in June:
| June | 1 | 150 units | $ 210 | |
| June | 10 | 200 units | 460 | |
| June | 15 | 200 units | 580 | |
| June | 28 | 150 units | 450 |
| $1,700 |
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
| A. | $485.71. | |
| B. | $460.71. | |
| C. | $1,214.29. | |
| D. | $1,700.00. |
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The Auditory Culture Reader
Authors: Michael Bull, Les Back
2nd Edition
1472569024, 978-1472569028
