Current Attempt in Progress A company just began business and made the following four inventory purchases in June: June 1 120 units $ 480 June 10 160 units 960 June 15 160 units 1280 June 28 120 units 1200 $ 3920 A physical count of merchandise inventory on June 30 reveals that there are 160 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is O $ 1120. O $ 1600. O $ 640. O $ 960