Crane has the following inventory information. July 1 7 Beginning Inventory Purchases 22 Purchases 10 units at $15 $316. O $290. O $309. O $266. 50 units at $18 20 units at $20 $150 900 400 $1450 A physical count of merchandise inventory on July 31 reveals that there are 16 units on hand. Using the average-cost method, the value of ending inventory is

Crane has the following inventory information. A physical count of merchandise inventory on July 31 reveals that there are 16 units on hand. Using the average-cost method, the value of ending inventory is $316. $290. $309. $266