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Klump Co. Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 50
Klump Co. Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 50 units at $18.00 each $ 900.00 4 Purchased 115 units at $18.20 each $2,093.00 5 Sold 100 units 10 Purchased 75 units at $18.25 each $1,368.75 24 Sold 40 units Total cost of goods available for sale $4,361.75 30 On hand, 100 units If the company uses the (moving) Average Cost inventory costing method, ending inventory at June 30 is: a. $1,819.86 b. $1,815.00 c. $1,818.00 d. $1,817.40
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