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A company just starting its business made the following four inventory purchases in June Date Jun 1 Jun 10 Jun 15 Jun 28 Number of

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A company just starting its business made the following four inventory purchases in June Date Jun 1 Jun 10 Jun 15 Jun 28 Number of Units Total Cost 200 $640 825 250 850 200 700 250 On June 25. the company made its first sale when a local customer purchased 600 units for $3,500. The company uses a perpetual inventory system Using the average cost formula, the cost of the ending inventory on June 30 is $1975.00 $1005.00 O $1030.70 $2345.00

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