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Green Inc. uses the average cost formula in a perpetual inventory system. Below is its inventory record for the month of June, 2021: Beginning
Green Inc. uses the average cost formula in a perpetual inventory system. Below is its inventory record for the month of June, 2021: Beginning inventory 20 units @ $19.00 per unit Purchase Jun Jun 5 Jun 8 Sale Jun 9 Purchase Jun 10 Sale Jun 22 Sale 100 units @ $22.00 per unit 70 units @$28 per unit 80 units @ $22.31 per unit 25 units @ $27 per unit 40 units @ $26 per unit Green Inc. has an ending inventory on June 30 of: (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) $1,418.56. $1,370.00. $1,450.15. $1,429.90.
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